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September 07, 2011

DB Networks introduces new Network Fund

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DB NETWORKS has created a new Network Fund worth around €130m which will be used to pay for small short-term projects intended to increase capacity, remove bottlenecks and improve service quality.

In cooperation with freight and passenger customers, DB Networks has identified 50 projects which will be funded up to 2015. These include the partial reopening of a yard in Bremen and the introduction of new signals at Rossenheim and Holzkirchen stations which will help to expand services south of Munich. The network fund will be updated annually which will enable the implementation of additional projects up to and beyond 2015.
 
"With the Network Fund we are breaking new ground in financing infrastructure," says DB Networks CEO Mr Oliver Kraft. "We are expanding our scope in demand through network expansion and can thus better address the needs of our customers. At the same time through this new form of financing we are making a major contribution to the strengthening of the network and laying the foundation for additional traffic."

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