The Limited Times

Now you can see non-English news...

Relaunching the Bordeaux - Lyon rail link: the Railcoop project is derailed

2024-03-28T19:46:22.379Z

Highlights: The railway cooperative wanted to revive the Bordeaux - Lyon line, abandoned since 2014 by the SNCF. Facing serious economic difficulties, the railway cooperative was placed in receivership in October. Unable to raise the 500,000 euros needed to continue her activity, she then accumulated problems. The decision of the Clermont-Ferrand administrative court on March 21, dismissing the railwayoperative which contested the amount of the invoice for ACC M workshops, sounded the death knell for the Railcoop project.


The railway cooperative wanted to revive the Bordeaux - Lyon line, abandoned since 2014 by the SNCF. But in the face of difficulties


Railcoop, it's already over. The project to relaunch the rail link between Bordeaux and Lyon, which had raised a lot of hope on the banks of the Rhône and the Garonne, will ultimately not see the light of day, due to an “unsustainable” debt. The management of the railway cooperative made the news official on Wednesday March 27: “As it stands, the Cahors commercial court should have no other choice than to pronounce on April 15 the liquidation of our cooperative,” announced Railcoop in a message to its members.

Facing serious economic difficulties, the railway cooperative was placed in receivership in October. Unable to raise the 500,000 euros needed to continue her activity, she then accumulated problems, falling heavily into debt (880,000 euros in garage costs) with ACC M, a specialist in equipment restoration. railway companies with which it was in dispute. The decision of the Clermont-Ferrand administrative court on March 21, dismissing the railway cooperative which contested the amount of the invoice for the ACC M workshops, sounded the death knell for the Railcoop project.

Subscribe to read more

Already subscribed? To log in

Source: leparis

All news articles on 2024-03-28

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.