South West Trains calls for £100m investment in Waterloo

Waterloo International is in danger of becoming a white elephant unless "big bucks" are spent on the infrastructure, SWT chairman Graham Eccles told The Independent. He said only a small number of trains on the Reading and Windsor lines would be able to use the five platforms within Nicholas Grimshaw's international station unless a flyover is built to allow services from other lines to reach the platforms.

Eurostar announced last month that it will move its entire London operation to St Pancras when the Channel Tunnel Rail Link is completed in 2007.

Eccles said that Eurostar's decision would have only a "very marginal effect" on South West Trains's business unless the major infrastructure investment is forthcoming.