In 1909, the Gotthard Railway Company becomes the last of the five big late 19th-century rail enterprises to be nationalised, when it is integrated into Swiss Federal Railways seven years on from the latter's creation in 1902. The transfer to the SBB is delayed because the international treaties with Italy and Germany are still in force. After nationalisation, the Gotthard remains the SBB's most profitable line for decades. It is electrified in 1921, the SBB's first major project on the Gotthard route.
« There are 28 shareholders with voting rights present, representing 48,050 shares or share capital of CHF 24,025,000. »Minutes of the final General Meeting of Shareholders of the Gotthard Railway Company in Lucerne on 22 June 1912, 3/7/1912