Swedish authorities to determine the future of DSBFirst as an operator in the country


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Monday, 02 May 2011
Danish rail company, DSBFirst, Sweden on Monday afternoon filed in information on the railway undertaking’s economy, which the Swedish authorities have demanded.

Within a few weeks it is expected that, the Swedish authorities would decide whether DSBFirst Swedish subsidiary be allowed its license to continue operating in Sweden. The decision will be taken in light of economic the data, which the Swedish authorities requested from DSBFirst in early April.

The company’s accounting material must certify that the railway company’s economy is strong enough so as to retain its license to run trains in Sweden. If  DSBFirst fails to meet these the requirement, it could result in the company loosing its license for its operation in Sweden.

“When we’ll make a decision is uncertain. It's a very serious matter to deprive a company of its license, and one can imagine that we would ask DSBFirst additional financial information,” said press officer for road and rail traffic with Danish Transport Authority Henrik Olars.

Already on April 7, both the Danish Transport Authority and DSBFirst Sweden AB were expected to have submitted financial documentation of its financial situation before the 20th April. The Rail operator was subsequently given extended deadline for second May that is Monday.

On Friday CEO of DSBFirst, Karsten Ron Anderson, told the news paper Politiken that it would likely be difficult to cancel company’s license to operate the �resund services.
By Team

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