News
Swiss stakeholders press for ratification
30th November 2016
In a letter to Swiss Federal Transport Minister Leuthard, key Swiss rail stakeholders have urged the Swiss government to move ahead with ratification of the Luxembourg Protocol. The signatories, which included the Swiss Rail Association, the International Union of Wagon Keepers (UIP), HEROS Helvetic Rolling Stock GmbH and advisers in the industry, pointed out to Federal Councillor Leuthard that the Luxembourg Rail Protocol “will not only be important in opening up more opportunities for public and private operators in Switzerland to securely finance railway equipment on a highly cost effective commercial basis with the private sector (e.g. banks and private equity funds), but will also support Swiss exporters of railway equipment and be vital to protect the rights of creditors of foreign operators moving rolling stock through Swiss territory.
Switzerland has already signed the Luxembourg Protocol and OTIF, which will act as the secretariat to the Supervisory Authority for the Protocol, is based in Bern.
