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Article: DB to invest Euros 40 Billion By 2005. (World Report).
- Article from:
- International Railway Journal
- Article date:
- April 1, 2001
CopyrightCOPYRIGHT 2001 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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GERMAN Rail (DB) plans to invest Euros 40 billion ($US 37 billion) between now and 2005. This is an increase of Euros 6 billion compared with the previous five-year plan dating from 1999. DB says this marks the start of an "investment offensive and extensive rehabilitation process."
Infrastructure projects will swallow up Euros 24 billion, while Euros 10 billion will be used to accelerate the modernisation of the passenger and freight motive power and rolling stock fleets. DB says this will result in an increase in the capacity and availability of the rail network, and a considerable reduction in the average age of the fleet. "We want to improve our products ...