SBB Cargo to open for public partnership
The Swiss government has announced to look for investors for SBB Cargo. It is planning to sell a minority stake in the freight arm of the state-owned railway company, the government confirmed in a statement outlining its strategic goals for the next three years.
This was reported by Reuters. Public partnership had long been on the table, but until now no concrete steps had been taken. The government gave no further details about the business proposal.
SBB Cargo claims a 25 percent share of goods transport in Switzerland, transporting over 202,000 tonnes of goods a day. The freight company operates trains on the main north-south axis from Germany to northern Italy, therefore contributing to the core rail freight business of the country.
Despite this, the company faced a loss-making period five years ago. It was not until 2013 that it managed to ink black figures again. Since 2011, it has boosted its performance by around 178 million Euros).