Austrian Federal Railways Needs € 400m

People ♦ Published: January 3, 2011; 16:25 ♦ (Vindobona)

Christian Kern, CEO of the Federal Raiways (ÖBB), backed up his call for a capital increase.

Austrian Federal Railways Needs € 400m / Picture: © ÖBB-Holding AG / Sabine Hauswirth

The simple statement of Kern: “We do no want any subsidies, we do not want grants. What we want is investments.” Thus, the head of the Federal Railways confirmed his claim. Kern spoke with the journal “Profil”.

Kern: “Without any further funds, we only can operate under extreme conditions.” In this case, the whole group would have to make a contribution. Thus, the…