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Financing for Deutsche Bahn investments remains unresolved in Germany

February 02, 2019


Abstract : High-level talks held in Germany's transport ministry on Wednesday have not yet resolved the issue of how to fund important investments at the Deutsche Bahn rail company in the future.

Financing for Deutsche Bahn investments remains unresolved in Germany

How to fund important investments at the Deutsche Bahn rail company in the future? (picture alliance/Soeren Stache/dpa/archive)

High-level talks held in Germany's transport ministry on Wednesday have not yet resolved the issue of how to fund important investments at the Deutsche Bahn rail company in the future.

Transport Minister Andreas Scheuer (CSU), Deutsche Bahn leaders and experts from the governing coalition intensively discussed the financial issues, said Soeren Bartol, deputy chairman of the SPD parliamentary group.

Proposals made by participants must now be discussed within the coalition. Deutsche Bahn's supervisory board will also have to weigh in before decisions can be made.

Bartol declined to put a figure on Deutsche Bahn's financial needs. He also refused to comment whether the sale of the DB Arriva subsidiary could be an option.

Deutsche Bahn spoke of a "constructive and open discussion" after the meeting in Berlin.

"All agreed to improve the Deutsche Bahn system. Financing issues were at the forefront this time," a spokeswoman said. It was "in the nature of things that complex issues such as these could not be conclusively discussed," she added.

Sources involved with Deutsche Bahn and the EVG union estimate that the company needs an additional 2 to 3 billion euros annually in the coming years for investments, amounting to a total of 6 to 8 billion euros.

dpa

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Keyword: Investment financial Germany

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