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ÖBB and Federation of Austrian Industries Demand 500 billion Euros from Brussels for European Rail Expansion
In a joint initiative, the CEO of the Austrian Federal Railways (ÖBB), Andreas Matthä, and the Chief Economist of the Federation of Austrian Industries (IV), Christian Helmenstein, have called on the European Union to invest around 500 billion euros in the modernization and expansion of rail infrastructure by 2030. This appeal was presented to MEPs in Brussels.
The appeal was presented to MEPs in Brussels. / Picture: © Flickr / Dimitar Nikolov / [CC BY-SA 2.0(https://creativecommons.org/licenses/by-sa/2.0/)]
The European Union is facing major challenges in transport policy. Given increasing mobility requirements, climate change, and the need to make freight transport more efficient, leading representatives of Austrian business and the rail industry are calling for massive investment in the European rail infrastructure.
The CEO of the Austrian Federal Railways (ÖBB), Andreas…
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