by The first tube of the Lötschberg base railway tunnel was built between 1999 and 2007. Keystone/ Martin Ruetschi The government has presented plans for an upgrade of the country’s railway network, including an additional Alpine tunnel in western Switzerland. About CHF720 million (5 million) have been set aside to upgrade the Lötschberg base tunnel and other regional projects near Zürich and Geneva in the next decade. The Lötschberg tunnel, linking the Bernese Oberland and the Valais regions, is part of a major north-south transalpine rail line to Italy. The base tunnel was opened in 2007, but only one tube was completed. The 35km-tunnel was built primarily to ease heavyweight road transport on Swiss roads, but completion of the second tube was put off for
Topics:
Swissinfo considers the following as important: 3) Swiss Markets and News, 3.) Swissinfo Business and Economy, Business, Featured, newsletter
This could be interesting, too:
Frank Shostak writes Assumptions in Economics and in the Real World
Conor Sanderson writes The Betrayal of Free Speech: Elon Musk Buckles to Government Censorship, Again
Nachrichten Ticker - www.finanzen.ch writes Bitcoin erstmals über 80.000 US-Dollar
Nachrichten Ticker - www.finanzen.ch writes Kraken kündigt eigene Blockchain ‘Ink’ an – Neue Ära für den Krypto-Markt?
The first tube of the Lötschberg base railway tunnel was built between 1999 and 2007. Keystone/ Martin Ruetschi
The government has presented plans for an upgrade of the country’s railway network, including an additional Alpine tunnel in western Switzerland.
About CHF720 million ($745 million) have been set aside to upgrade the Lötschberg base tunnel and other regional projects near Zürich and Geneva in the next decade.
The Lötschberg tunnel, linking the Bernese Oberland and the Valais regions, is part of a major north-south transalpine rail line to Italy. The base tunnel was opened in 2007, but only one tube was completed.
The 35km-tunnel was built primarily to ease heavyweight road transport on Swiss roads, but completion of the second tube was put off for financial reasons.
“The upgrade will allow to increase capacities and ensure the stability of the services,” Transport Minister Simonetta Sommaruga told a news conference on Wednesday.
The main north-south railway thoroughfare – including the 57km-Gotthard base tunnel and the 15km-Ceneri tunnel – was inaugurated in 2020.
The government also approvedExternal link a long-term strategy for the railway network, notably in suburban regions and boosting regional links.
The focus is no longer on upgrading the main rail links between the cities Geneva, Lausanne, Bern, Zurich and Basel, according to Sommaruga.
You Might Also Like
Hotel booking platforms to face legal restrictions
2022-06-12
Parliament has approved restrictions on online reservation platforms to protect the Swiss hotel sector.
Swiss trade unions sound alarm about rising cost of living
2022-04-22
Trade unions say middle- and lower-income workers in Switzerland are facing a “shock” in 2022, with wages unable to offset rising inflation and health insurance costs.
Swiss to decide individually on Russian commodity deals
2022-04-20
Switzerland will decide case by case whether to curtail traders’ purchases from Russia’s state-controlled companies under European Union sanctions. The State Secretariat for Economic Affairs (SECO) which is in charge sanctions confirmed the Swiss policy to follow in principle the EU measures, which aim to limit commodity deals to those deemed “strictly necessary” from mid-May.
Swiss web TV channel to broadcast in Ukrainian
2022-03-28
Diaspora TV Switzerland launched a new service in Ukrainian on Sunday to help meet the information needs of refugees arriving from the war-torn country.
Ukraine urges Switzerland to clamp down on Russian money
2022-03-28
An advisor to Ukrainian President Volodymyr Zelensky says the Swiss should be more proactive in looking for Russian funds. But according to a legal expert, current regulations do not allow authorities or banks to do more active searches beyond what’s in their current registers.
Switzerland triggers wide range of sanctions against Russia
2022-03-04
More than a million Ukrainians have fled their country since the Russian invasion.
Switzerland said it is activating sanctions against Russia on Friday, including a ban on many industrial exports and wide-ranging restrictions on financial activities, which includes cutting Russian banks from the SWIFT financial messaging system.
Glencore sets aside $1.5bn to settle UK, US and Brazil probes
2022-02-16
Glencore expects to resolve bribery and corruption investigations in the UK, US and Brazil this year and has set aside $1.5 billion (CHF1.4 billion) to cover potential fines and costs.
In global supply chain crisis, even Swiss skis are counting the cost
2021-12-27
Shortages of raw materials and logistics bottlenecks have made 2021 a tough year for Swiss manufacturers, and contributed to a downgrade in the government’s GDP growth forecast for the economy next year.
Tags: Business,Featured,newsletter