The ferries will face new competition from the Channel Tunnel, linking Britain and France, which is scheduled to open in 1993.
The sum would also be far greater than any of the four previous equity-raising exercises for the newly-opened tunnel linking Britain and France.
The costs of completing the tunnel linking Britain and France were well above original forecasts.
The most spectacular example of this is the Chunnel that links Great Britain to the rest of Europe.
The shortfall does not mean that the 31-mile tunnel, which would link Britain and France, will be halted because of a lack of financing.
Certain Zionists might see this as an opportunity to link Britain more intimately with Israel.
The new line is part of the Eurostar system, which will link Belgium, France and Britain.
AT&T won a $1.2 billion contract for a 17,000-mile undersea fiber optic cable, linking Britain and Japan.
By 1856, cables had been laid linking Britain with North Africa and the Ottoman Empire.
Led by Alun Howkins, it links rural Britain to a wider social history.