ÖBB Debt Reduction is Further Delayed

BusinessEconomy ♦ 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: © Wikimedia Commons / NÖLB Mh [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]

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…