DVZ radar: Another step forward in DB Schenker sale
…but not all is done and dusted
Transport Intelligence writes:
The headline number of €86bn is eye-catching but it is unclear what the latest investment plan for Deutsche Bahn will really deliver. On Tuesday (14/1), Richard Lutz, the CEO of Deutsche Bahn; Olof Schultz, Germany’s finance minister; and Andreas Scheuer, Germany’s transport minister had a ‘signing ceremony’ where they announced a deal to pump €62bn into the railway network, a sum which will be matched by Deutsche Bahn investing €24bn from its own funds. Mr Lutz described it ...