Tignes To Take Over Running of Its Lift System

19th August 2024

The lift system is currently run by Compagnie des Alpes with the contract expiring in 2026. Once the contract runs out the Tignes Municipal Council is to set up a…
Read more >

The lift system is currently run by Compagnie des Alpes with the contract expiring in 2026.

Once the contract runs out the Tignes Municipal Council is to set up a Local Public Company (SPL, Société Publique Locale) to manage its ski area starting June 1, 2026.

Compagnie des Alpes took over operation of the Tignes ski area in 1989/90, when it was on the verge of bankruptcy.

The nearly 300 employees of STGM, the resort’s largest employer, will begin working for the SPL to be created by the Tignes municipality.

In accordance with the agreements reached, the SPL will also take over all of the ski lifts installed (returnable assets) from STGM in exchange for compensation currently estimated at approximately €103m.

See more here.