Switzerland Mulls $2.9B Plan For 2nd Gotthard Tunnel

Law360, New York (June 27, 2012, 7:02 PM EDT) -- The Swiss government on Wednesday recommended building a second Gotthard road tunnel through a heavily traveled part of the Alps for approximately 2.8 billion francs ($2.9 billion), rather than repairing the existing tube.

The notoriously congested Gotthard road tunnel, which opened in 1980, is a key north-south European transportation axis between Zurich and Milan that cuts under the Gotthard mountain pass and serves as the most direct route between parts of Germany and northern Italy. The seven-member governing Federal Council said in a joint announcement with...
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