By 2030: The federal government and the railways will invest 86 billion euros in rail infrastructure

By 2030: The federal government and the railways will invest 86 billion euros in rail infrastructure

         Up to 2030 federal and railways invest 86 billion euros in rail infrastructure An average of 8.6 billion euros are to be put into the modernization offensive each year. That is 54 percent more than in the previous planning period. Over the next ten years, the federal government and the railways will invest significantly more money in maintaining and modernizing the sometimes dilapidated rail network. Federal Minister of Transport Andreas Scheuer (CSU), rail chief Richard Lutz and rail infrastructure director Ronald Pofalla signed a new service and financing agreement in Berlin on Tuesday. By 2030 a total of 86 billion euros are to be invested in the rail infrastructure. The federal government bears of the total funds 62 billion euros, the federally owned Deutsche Bahn 24 billion euros of own funds. According to the ministry, an average of 8.6 billion euros per year are available. This is 54 percent more than in the previous planning period. The new service and financing agreement is twice as long as the previous one. Scheuer spoke of a historic day for rail transport. “It will be the decade of rail,” said the minister. He spoke of a record-breaking modernization offensive. “I expect Deutsche Bahn to take advantage of these opportunities,” said Scheuer. “The train has to be more punctual, efficient and better.” He is “impatient” that there will be significant improvements in manageable times. Lutz said that an efficient infrastructure is an indispensable prerequisite for more punctuality. Customers would also benefit from this. But he made it clear that improvements took time. The restrictions for customers due to more construction sites should be reduced by “customer-friendly construction”. Deutsche Bahn plays an important role in the federal government’s climate protection program. However, it still has major problems with the punctuality of trains and bottlenecks in the network. Many tracks and bridges are ailing. More: The Deutsche Bahn is filled with money. But too much of this could damage the train, warns Handelsblatt editor Dieter Fockenbrock. Now on wiwo.de Do you want to know what drives the economy? Click here for the latest articles from WirtschaftsWoche. © Handelsblatt GmbH – All rights reserved. Acquire usage rights?          Services offered by our partners       
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