On 1 April 1994, EPS signed a fixed-rate track access contract with Railtrack lasting until 29 July 2052 as part of the plans for Regional Eurostar services.

[6] The privatisation of British Rail saw ownership of EPS transferred in 1996 to London and Continental Railways (LCR), a property development company owned by the Government of the United Kingdom.

This was part of the contract agreed with the British Government for LCR to build and operate High Speed 1 (HS1) between London and the Channel Tunnel.

[7] In January 2009, after the completion of HS1, the UK's Department for Transport took control of LCR and announced its intention to put both HS1 and EUKL up for sale.

[10][11] In November 2010, LCR sold a 30-year concession to operate HS1 to a Canadian consortium of Borealis Infrastructure and Ontario Teachers' Pension Plan for £2.1bn.

[20] In March 2015, the Treasury announced it had sold the stake to Caisse de dépôt et placement du Québec (CDPQ) (30%) and Hermes Infrastructure (10%) for £585m.