Germany's railways are in dire straits, with Deutsche Bahn reporting €1.8 billion losses and just 62.5% punctuality last year. CEO Richard Lutz highlighted the state as the worst in 30 years. As the country prepares for a new government, discussions emerge about implementing a fundamental rail reform to address these issues. The CDU/CSU and SPD coalition aims to invest heavily and overhaul management, but skepticism remains regarding the feasibility of significant improvements in this critical sector.
"The greatest crisis in 30 years..." That was how Deutsche Bahn CEO Richard Lutz described the state of Germany's railways on Thursday.
"We are far from meeting our customers' expectations," Lutz said, perfecting the art of understatement.
So, as Germany gears up to usher in a new government, will the next 'Grand Coalition' be able to finally get to grips with the railways?
According to the latest leaked plans, the CDU/CSU and SPD want to embark on a 'fundamental rail reform', clearing out old management and pouring in massive investments.
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