Deutsche Bahn's CEO Richard Lutz announced the need for 150 billion euros to modernize the rail network amidst significant financial debts. 80 billion is allocated for repairs to the existing infrastructure, while the remainder will fund new expansions. With the incoming German coalition government planning a substantial 500 billion fund for infrastructure, Lutz expressed optimism about the future of rail travel in Germany. However, he also acknowledged the ongoing punctuality issues facing the service, which has tarnished Deutsche Bahn's reputation for reliability in recent decades.
Lutz emphasized the need for urgent modernization, stating that 150 billion is essential for both existing repairs and expansion, reflecting a critical moment for Germany's rail infrastructure.
He noted, 'The upcoming coalition's fund of 500 billion can significantly alleviate our financial strains, allowing Deutsche Bahn to regain its reputation as a reliable service provider.'
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