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Article: Belgian railways make a fresh start: the reorganisation of Belgian National Railways (SNCB) into separate infrastructure and operations companies according to European Union directives became effective at the beginning of this year.(Belgium)
- Article from:
- International Railway Journal
- Article date:
- April 1, 2005
- Author:
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Copyright informationCOPYRIGHT 2005 Simmons-Boardman Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AGAINST a background mission of commercial operation within a public service framework, the new Belgian railway infrastructure company, Infrabel, and the new operating company, SNCB, have been given a great start to achieve one of the main aims of the reorganisation--a swift return to break even.
Both companies start debt-free as a result of the state taking over 7.4 billion [euro] of debt. This leaves 2.4 billion [euro] of debt with a new umbrella company, SNCB Holding, that will not impinge on either Infrabel or SNCB. Creation of the holding company completes the reorganisation structure. The state has also set up Railway Infrastructure Funds (FIF) both to manage the ...
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