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September 28, 1992 | From Times Staff and Wire Reports
Swiss Approve Tunnel Project: Switzerland approved a $12-billion tunnel project under the Alps in a referendum that will boost goods traffic and the government's hopes of European integration. With nearly all results counted, the vote was 63% to 37% in favor of the New Alpine Rail Axis. The plan involves boring two gigantic tunnels through 50 miles of Alpine granite to provide an environmentally acceptable way of supporting the European Community's heavy goods traffic--by putting it on trains.
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BUSINESS
September 28, 1992 | From Times Staff and Wire Reports
Swiss Approve Tunnel Project: Switzerland approved a $12-billion tunnel project under the Alps in a referendum that will boost goods traffic and the government's hopes of European integration. With nearly all results counted, the vote was 63% to 37% in favor of the New Alpine Rail Axis. The plan involves boring two gigantic tunnels through 50 miles of Alpine granite to provide an environmentally acceptable way of supporting the European Community's heavy goods traffic--by putting it on trains.
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