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CST AG, the initiator of the freight metro, has secured new shareholders – and with them, a Swiss majority for the planning permission phase. In doing so, the project has fulfilled one of the requirements of the Federal Council, which can now begin the consultation process for special CST legislation.
The planned Swiss freight metro Cargo sous terrain (CST) has cleared a major hurdle. As the project’s initiator CST AG wrote in a press release, it has now expanded its Swiss shareholder base to include Helvetia Versicherungen, Antrimon Group/Gotthard 3, Pini Swiss Engineers, Pöyry Schweiz AG and tunnel specialists Marti Group. French infrastructure developer Meridiam has also acquired an equity stake in CST. This means that CST has secured “a significant investor majority from Switzerland” for the planning permission phase, which will begin in 2020.
With this Swiss majority, CST AG has now fulfilled a condition of the Federal Council, which announced in September that the Federal Department of Environment, Transport, Energy and Communications would develop special legislation by the end of the year. The CST Law will set the framework for the construction of underground tunnels and overground hubs, as well as define the collaboration with the cantons and municipalities involved.
The freight metro is scheduled to be launched in phases from 2030 onwards and will comprise 500 kilometres of tunnels and 80 access points for goods by 2045. Its goal is to move city-to-city logistics underground and thus create an “efficient and sustainable complete logistics system for the digital age”. It is already now moving ahead with developing the local urban distribution system and IT platform for the entire system.