Germany Wants to Privatise National Rail

Germany Wants to Privatise National Rail
July 26, 2007 8:28 pm | Last Update: July 30, 2015 8:29 pm

The German Cabinet has agreed to a partial privatisation of Germany’s national railway company.

The government says it could sell off a quarter of Deutsche Bahn shares by the beginning of 2009 and estimates that selling a 25% stake in the German rail company would bring in €3bn ($4.1bn).
Under the proposed deal, Deutsche Bahn will retain control of the track network for the next 15 years.
The plans are pending approval by both houses of the German Parliament.
Deutsche Bahn is Europe’s largest rail company, carrying almost 1.9bn passengers and 300 million tons of freight a year.
Earlier this month German train engineers were awarded a 4.5% pay increase, the highest pay rise of the year, after staging strikes across the railway network. is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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