Brenner Tunnel: ÖBB will not pay

People ♦ Published: February 22, 2011; 00:21 ♦ (Vindobona)

The Austrian Federal Railways will only accept to build the tunnel for € 10bn, if the costs are passed on to the state.

Brenner Tunnel: ÖBB will not pay / Picture: © Vindobona.org

The Austrian Federal Railways, which are in a difficult situation, do not intend to pay for the long-planned Alpine connecting tunnel between Italy and Austria by themselves. "The federal government will have to commit to take over one hundred percent of construction and operating costs", according to ÖBB boss Christian Kern.

Kern said he is not willing to "expose the company to…

or Log In

Fast News Search
Related News
Difficulties in ÖBB Restructuring (February 14, 2011)
Massive Increase in Public Debt (February 9, 2011)
Tension between ÖBB and ÖVP (February 7, 2011)
ÖBB CEO Kern Closes In on Politicians (February 4, 2011)
The Westbahn Complains Because of ÖBB-Subsidies (February 2, 2011)
ÖBB in "Rebuilding Phase" (January 21, 2011)
Read More
Italy, BMF - Federal Ministry of Finance - Bundesministerium für Finanzen, Funding, Public Debt, OEVP Austrian Peoples Party, Christian Kern, OEBB Austrian Railways, Tyrol, Infrastructure
Featured
Update: Lockdown in Austria - What applies from Monday 7 December?
Austria Launches CoV Mass Testing: Vienna Tests at 3 Locations until December 13 - How does it work?
List of National Days of the Home Countries of All Foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter