Federal Railways CEO expects annual price hikes

Passengers will continue to pay more for tickets and passes, according to the head of Swiss Federal Railways.

This content was published on November 21, 2010 - 12:18 and agencies

CEO Andreas Meyer expects that in future, there will be annual increases in the cost of train travel in Switzerland.

In a Sunday interview with the NZZ am Sonntag newspaper, Meyer said that customers would have to share the financial burden of investing in new infrastructure and trains – noting that the federal government had provided too little funding.

As he told the SonntagsZeitung, higher prices at rush hour would be a possibility, but not for at least five years.

Meyer was also quoted in Le Matin Dimanche on Sunday, saying that discounts for pensioners might be reduced or eliminated.

“The working generation is paying for the restructuring of pension funds while pensioners benefit from discounts. Is it right to extend this deal?” asked Meyer.

He added that ticket prices would probably go up about three per cent each year. This December, prices for tickets and passes are scheduled to go up by 5.9 per cent on average.

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