ÖBB Debt Reduction is Further Delayed

Business › Economy ♦ Published: April 15, 2011; 11:49 ♦ (Vindobona)

The debt of the Federal Railroad increases dramatically through the acquisition of a 25% share in the Brenner Base Tunnel (BBT) project,

ÖBB Debt Reduction is Further Delayed / Picture: © Vindobona.org

The ÖBB signed yesterday the funding commitments for its half share of the BBT project, causing liabilities to rise from € 20.00bn to € 25.00bn. The other half is financed by the Italian side.

The Chairman of the Supervisory Board, Horst Pöchhacker, provides insight on the macroeconomic context. The issue is not about the tunnel, but the entire route that will enable new…

or Log In

Fast News Search
Related News
ÖBB Promote Construction of the Brenner Tunnel (April 13, 2011)
Kern: "We are Struggling for Survival" (April 7, 2011)
Official start of construction of Austria's largest building project (March 28, 2011)
No Sale of ÖBB-Power Plants (March 22, 2011)
ÖBB: Massive Losses in Ireland (March 18, 2011)
ÖBB Restructuring: "There is no other Alternative" (March 12, 2011)
Read More
OEBB Austrian Railways, Public Debt, Railway Industry, Transport Industry, Infrastructure
Featured
See latest Vindobona Newsletter