ITU gets federal cash for new Geneva buildings
The lower house of Parliament has given the go ahead to a CHF 96m interest free loan to the International Telecommunication Union in Geneva to renovate its headquarters.
The ITU has three buildings in the city and the work will allow it to cut that to two.
The loan will need to be paid back over the next 50 years.
Strengthening international Geneva is one of the government’s main priorities over the next few years – and Switzerland also wishes to be at the forefront of telecom and digital technologies.
The ITU sets international communication standards and sets radio frequencies across the world.
The loan still needs to be voted on by the Senate – but it is expected to pass.
Work is due to start in 2022 and will last 5 years.