The company Dagong Global Investment Holding, a well-known Chinese rating company, is investing in Switzerland’s Cargo Sous Terrain project (CST). Cargo Sous Terrain is an underground system for automatic cargo transport.
CST is an interesting concept for China and, according to the Dagong Group, could be implemented there. It’s even quite likely that we will first see a Chinese CST, as the approval procedures there are a lot faster than those in Switzerland.
Investors so far contributed 100 million Swiss Francs, other investors besides Dagong are: Migros, Coop, Swisscom, Swiss Post, Credit Suisse, Zürcher Kantonalbank, Mobiliar, Helvetia from Switzerland and Meridiam from France. The first section of the logistics transport system is set to open in 2030 and the whole system should be completed in 2045.
