FRANCE: Open access co-operative Railcoop is expected to be formally liquidated on April 29, the company President Nicolas Debaisieux has confirmed.
The collapse of the co-operative comes after it was placed into judicial administration on October 16 for a period of up to six months. With this period now expiring, a hearing was held at the administrative court in Cahors on April 15 to begin arranging the formalities for creditors, two weeks ahead of the formal liquidation.
While this would bring to an end the idea of using a co-operative model to launch open access trains such as Railcoops planned Lyon Bordeaux service, Debaisieux believes that the project could still be salvaged through outside investment. Railcoop ha…
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