Jungfraubahn Holding AG

EANS-Adhoc: Jungfraubahn Holding AG
Jungfrau Railway Group to invest in new aerial cableway system


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Strategic management decisions
19.12.2012


The Jungfrau Railway Group aims to improve access to the Kleine
Scheidegg-Männlichen ski area and the Jungfraujoch and ensure the long-term
competitiveness of the ski area. It is to invest a total of around 160 million
francs in a new aerial cableway system.

In July 2011, the Jungfrau Railway Group announced that together with the
Grindelwald-Männlichen Gondola Cableway, it wants to build an aerial cableway to
increase the attractiveness of the Kleine Scheidegg-Männlichen ski area and also
reduce travelling time to the Jungfraujoch. In the meantime, various options
have been examined and their feasibility clarified. The Jungfrau Railway Group
and the Grindelwald-Männlichen Gondola Cableway have now decided to construct a
V-cableway. Two aerial gondola cableways will travel from one valley station at
Grindelwald Grund to Männlichen and to Eigergletscher. The branch to
Eigergletscher, where guests can change to the Jungfrau Railway, will be
operated by the Jungfrau Railway Group and the one to Männlichen by the
Grindelwald-Männlichen Gondola Cableway. At the same time, the Jungfrau Railway
Group will replace old rolling stock and purchase new trains for the Wengernalp
Railway (WAB) and Jungfrau Railway. The investment of around 160 million francs
planned by the Jungfrau Railway Group will be spread across the years 2013 to
2017. In addition, the Grindelwald-Männlichen Gondola Cableway will invest
around 35 million francs.

The new cableway system will fulfil skiers' requirements for faster and easier
transport. Travelling time will be considerably reduced.  The Jungfrau Railway
Group will thus create the prerequisites to reach its target of carrying one
million guests to the Jungfraujoch every year. The company will be able to
organize its railway operation with greater efficiency.

At 13.30 h on 19 December 2012, the Jungfrau Railway Group, with the
Grindelwald-Männlichen Gondola Cableway, Canton Bern and the Grindelwald
Municipality will hold a media conference in Interlaken and provide detailed
information on the planned aerial cableway. At the media conference, the impact
on the railway and road infrastructure will be addressed and perspectives for
improved public transport services illustrated.


Further inquiry note:
Urs Kessler, CEO
+41 79 407 90 52

end of announcement                               euro adhoc 
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issuer:      Jungfraubahn Holding AG
             Harderstrasse 14
             CH-3800 Interlaken
phone:       +41 (0)33 828 71 11
FAX:         +41 (0)33 828 72 64
mail:     jb@jungfraubahn.ch
WWW:      www.jungfraubahn.ch
sector:      Railway
ISIN:        CH0017875789
indexes:     SPI
stockmarkets: Domestic Standard: SIX Swiss Exchange 
language:   English
 

 

 



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