Union speaks of "death blow" for Austrian Railway

Politics ♦ Published: July 15, 2010; 00:00 ♦ (Vindobona)

In the context of the forthcoming increase of capital of Verbund hydro electrical plants could be bought from the Austrian Railway Network ÖBB.

Union speaks of "death blow" for Austrian Railway / Picture: © Wikimedia Commons / NÖLB Mh [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]

In the context of the forthcoming increase of capital of Verbund (Austria’s largest electricity provider) hydro electrical plants could be bought from the Austrian Railway Network ÖBB.

The award, worth approximately €500 million ten power plants would not remain with the ÖBB Group, but flow back into the budget to pay the federal government. The ÖBB would have to buy…