Tuesday, December 6, 2022

Confederation, canton and bank waive Rotenfluebahn debts

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The financially troubled Rotenfluebahn in the canton of Schwyz will be relieved of debts in the millions. The federal government, canton and cantonal bank are waiving claims, and Deutsche Bahn has also collected 3.5 million francs from private individuals to relieve their balance sheet.

Due to additional construction costs, there were liquidity bottlenecks at the mountain railway. She had to spend a lot of money on interest and amortization and therefore approached the district of Schwyz with a request for a guarantee. However, voters rejected this last year.

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