{
Swiss federal railways SFR

Companies

}
Swiss rail expansion costs nearly double amid rising expenses and demand
The Swiss rail expansion project is set to cost nearly CHF30.4 billion by 2035, nearly doubling initial estimates. This includes CHF8.5 billion for major upgrades like station conversions and CHF5.5 billion for specific projects, such as the Brütten tunnel, to accommodate a 20% increase in passenger capacity. The transport ministry emphasizes the need for these investments to manage growing mobility demands while ensuring safety at larger stations.
SWI swissinfo.ch
Swiss Franc Swiss federal railways SFR CHE
Finance & Economy, News Article
11:11 28.11.2024
Swiss Federal Railways anticipates stable profits amid ongoing debt challenges
Swiss Federal Railways anticipates a profit similar to the CHF267 million ($299 million) earned in 2023, driven by strong passenger demand, particularly in the latter half of 2024. However, the company faces a significant debt burden of CHF3 billion from the pandemic and requires an annual profit of around CHF500 million to meet investment needs and manage its debt effectively.
SWI swissinfo.ch
Swiss Franc Swiss federal railways SFR CHE Monika Ribar
Finance & Economy, News Article
11:24 23.11.2024
Swiss government revises budget deficit forecast to significantly lower figure
The Swiss government's budget deficit is now projected to be CHF900 million, significantly lower than the initial forecast of CHF2.6 billion, due to reduced ordinary expenditures. The extraordinary capital contribution to Swiss Federal Railways has been postponed to 2025, with the amount cut from CHF1.15 billion to CHF850 million. The ordinary budget is now expected to show a surplus of CHF200 million, reversing the previously anticipated deficit.
SWI swissinfo.ch
Swiss Franc Swiss federal railways SFR CHE
Finance & Economy, News Article
09:47 24.10.2024
the surprising rise of switzerland's least popular five centime coin
Switzerland's five-centime coin, the least popular currency, has seen a surprising increase in circulation, now totaling 1.34 billion, despite its impracticality and lack of acceptance in vending machines. Discussions about abolishing it have resurfaced, but political action remains slow, leaving households to accumulate these coins.
SWI swissinfo.ch
Swiss Franc Swiss federal railways SFR CHE
Finance & Economy, News Article
11:00 19.10.2024
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