Faithful to its convictions, Railcoop reserved the first information for its members late Wednesday afternoon.
“
As it stands, the Cahors commercial court should have no other choice than to pronounce, on
April 15, 2024,
the liquidation of our cooperative ,
”
this special type of company indicated in an email. Its flagship project, which consisted of reopening the Bordeaux-Lyon line with a multitude of stops (Périgueux, Montluçon, Roanne, etc.), even if it meant making the journey in more than 6 and a half hours, will therefore never see the light of day. Initially planned for 2022, its launch was mentioned for this year.
To tell the truth, this announced bankruptcy does not come as a surprise. Placed in receivership in October 2023, Railcoop had accumulated almost 5 million euros in losses since its creation in 2019. And its cash flow was already dry. The straw that broke the camel's back? The cooperative was unable to pay 880,000 euros requested by a supplier who hosted…
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