Article Tools

ÖBB Cuts Early Retirements and Projects

Published: February 11, 2012; 16:46 · (Vindobona)

The Austrian Railways (ÖBB) has to reduce costs by € 1.6bn until 2016. The major part is based on cost cuts in infrastructure projects.

ÖBB Cuts Early Retirements and Projects / Picture: © OEBB

ÖBB has to make contributions to the austerity package. Within the coming five years, costs have to be reduced by € 1.6bn. A delay and a cost-cut in infrastructure projects bring € 920m. Another € 525m are expected through a stop of early retirements.

The major projects of Koralm tunnel, Semmering tunnel and Brenner tunnel have to be downsized.
“With this package,…

This article includes a total of 190 words.

or Log In

Fast News Search