The already to 8.2 billion euros estimated large construction site of Stuttgart 21 could be more expensive and will be for the already heavily indebted to Deutsche Bahn AG for the massive financial load. The show extensive documentation for the meeting of the Supervisory Board of the largest state group on Wednesday in Berlin. For train-in-chief Richard Lutz, his Deputy Ronald Pofalla and the 20 inspectors of the main Federal undertaking, it could be a long and unpleasant Meeting. Because in addition to the management report of the Board of management of the acute financial distress, the financial statements and the planned sale of the subsidiary Arriva, and the massive construction risks and costs are the major Stuttgart 21 project, on the agenda.
There is more cost to come climbing on the train
"The risks, the chances will decrease", - stated in the Supervisory Board circles, on the situation at the largest construction site of the railway, whose cost has more than tripled already. The internal documents of the tip rail, other costs threaten and schedule risks during the construction of the underground station in the city centre and 59 kilometres long tunnels in geologically sensitive and water-rich surface of the Swabia metropolis. In addition, there is access to the airport significant costs in procurement, is emphasized.
The train-the Supervisory Board has not approved until January 2018, the increase in the costs for Stuttgart 21 from 6.5 to 8.2 billion euros. The corresponding 60-kilometre-long new ICE route to Ulm is to cost a further 3.7 billion euros to 460 million euros will be more expensive. In addition, the commissioning has been postponed again.
is the end of 2025 Stuttgart 21 finished
Instead of at the end of 2021 should be the total project now until December 2025 finished. That would be 15 years of construction and 30 years of duration of the project since the conclusion of the financing agreement (1995). Experts fear that the total cost for Stuttgart 21 and the ICE line at the end of almost twelve will increase to at least 15 billion euros and criticize that of the manageable Use of the prestige project is in a very bad relationship to the extreme costs and risks.daily mirror tomorrow location for Free order
The stop and the tag of Stuttgart 21, the action Alliance has been calling for many years, rejected the group and the Federal government repeatedly. Rail chief Lutz admitted last year, in the Bundestag Committee on transport, that the project for the railway to bring at least € 2.2 billion to Minus and, therefore, uneconomical. Because of the clammy seemed to be the group has to cope with because of the repeated costs a share more than four billion euros, three Times more than planned.
public resources almost
exhausted, in the Meantime, the rail are assigned according to the documentation, 55 percent of the total volume of Stuttgart 21 as contracts to companies. For the group the financing of the project but is now to heavy load. Because the previous editions were almost entirely from public funds, which are now depleted. Alone, by 2023, the tip rail needs to raise approximately EUR 3.3 billion for Stuttgart 21. In the financial planning of the group, our editorial Board, gapes until there is a huge gap of more than four billion euros. The way out of the misery of the Supervisory Board will discuss on Wednesday.More about
Deutsche Bahn is Why the Federal government bring the car in travel Henrik Mortsiefer
in the gaps, one could take the already heavily indebted state-owned company more loans. Alternatively, the Federal government could shoot as the owner of again capital again, or dividends, do without. Otherwise, the train would have to reduce much-needed investment in other Places and the cost explosion at the Neckar would be directly other rail projects for which the money is missing.