Despite the recent negative headlines, the project Swissmetro continues. On November 20, 2009 Swissmetro AG held an extraordinary general assembly and decided to enter into liquidation. Swissmetro AG ran out of funds and was unable to find new funding to continue its existence in the current business environment. Because of this lack of funds Swissmetro AG has not been operating actively in the last couple of years. The project Swissmetro will be handed over to the Federal Institute of Technology in Lausanne. Pro Swissmetro is looking forward to cooperating with the Federal Institute of Technology in Lausanne and will establish the first contacts in early 2010.
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