Legal action against the team began in December 1999 after "nickel sulphide stone expansion growth" emerged in panes at the central London building.
Eurostar asked Arup to investigate the glazing problems when they first emerged at the £120m landmark building in 1998.
The project team included construction manager Bovis Construction (now Bovis Lend Lease), cladding contractor Briggs Amasco Curtainwalling and the cladding subcontractor's parents Tarmac (BA) and Tarmac Holdings.
We understand that Eurostar wishes to protect the public even against the smallest risk
Nicholas Grimshaw & Partners statement
In a statement after the settlement, project architect Nicholas Grimshaw & Partners said the specification of heat-soaked toughened glass was in accordance with UK industry norms in 1989.
The statement said the practice accepted that safety concerns had intensified since the terminal was designed. It said: "Safety culture has changed radically over the last 10 years and we understand that Eurostar wishes to take measures to protect the public even against this small risk.