June 11, 2025|
AI
|6 months agoLake Geneva Shipping Company Faces CHF600 Million Modernization Need
CGN requires substantial funding for fleet modernization and service expansion, with rescue plan expected by year-end.
AI
Generated IllustrationKey Takeaways
AI
- CGN needs between CHF500-600 million for fleet modernization and service expansion
- Six out of eight CGN steamboats are no longer fit to sail
- The cantons of Geneva, Vaud and Valais hold 57% of CGN shares
By The Numbers
CHF150 million
Required investment for shipyard
CHF150 million
Required investment for Belle Epoque ships
CHF200-300 million
Required investment for public transport services expansion
3,000
Number of cancellations due to La Suisse ship damage
They Said
"We need CHF150 million for the shipyard, CHF150 million for the Belle Epoque ships and CHF200-300 million to expand public transport services"