Cargo Sous Terrain, the company behind a CHF 35 billion tunnel project to create a freight transport route from Geneva to St. Gallen, has faced significant criticism in recent months. Financial expert Christoph Hammer highlighted the challenges of making the project financially viable, given the high costs and competitive logistics market. Planzer echoed these concerns, noting the lack of a convincing concept for the last-mile distribution of goods and questioning the need for such a costly infrastructure project.
Despite these criticisms, Cargo Sous Terrain remains optimistic about its future. Jasmin Knight, spokesperson for the company, reassured stakeholders that the project review will enhance its quality and feasibility, increasing the chances of successful realization. Knight also mentioned ongoing discussions with potential investors to support the upcoming construction phase.
Early critics of the project, including former SBB CEO Andreas Meyer and transport entrepreneur Nils Planzer, expressed skepticism about its feasibility. The recent developments within Cargo Sous Terrain, including potential withdrawals of major shareholders like Swiss Post and Coop, have raised concerns about the future of the project. However, Knight emphasized that ongoing discussions with potential investors will determine whether or not to proceed with construction.
Criticism of the CHF 35 billion project has led to significant changes within Cargo Sous Terrain. The CEO is being replaced as part of a reevaluation process that aims to address various aspects of
