Recent developments in the CHF 35 billion tunnel project have led to growing criticism, resulting in the replacement of the CEO and layoffs within the company. Experts are now questioning the feasibility of the project, which is estimated to cost at least 30 billion Swiss francs and span 500 kilometers when completed.
Cargo Sous Terrain has announced a re-examination of all project parameters, including route planning, hub locations, financing, and market requirements. The current CEO will step down, and staffing will be reduced to adapt to the new needs of the project.
While some critics have been skeptical of the project from the beginning due to its high costs and potential challenges, others believe it has great potential for ensuring a sustainable supply of goods. Shareholders like Swiss Post and Mobiliar are reconsidering their financial involvement in light of recent developments.
Despite these challenges, Cargo Sous Terrain remains optimistic about the project’s future and is undergoing a project review to address concerns raised by stakeholders about distribution of goods, traffic impacts, and overall feasibility. The company aims to communicate a new timetable for construction once this review is complete and agreed upon with authorities.
