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Difficulties in ÖBB Restructuring

Published: February 15, 2011; 01:44 · (Vindobona)

The Austrian Federal Railways cannot get out of their debt crises. Restructuring of the freight division requires additional funding

Difficulties in ÖBB Restructuring / Picture: © OEBB

The freight division Rail Cargo Austria (RCA) is currently in a critical restructuring phase. RCA is not only in deficit, but also faced with a massively shrinking capital base. Capital requirements to finance the restructuring program are around € 400m.

The state does however not intend to contribute this sum to the ÖBB, for which reason a loan is necessary for the already…

This article includes a total of 175 words.

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