Subscriber Login

Finance

Austrian government approves investments for ÖBB framework plan [free access]

November 11, 2021

The Government of Austria has approved a EUR18.2 billion investment for the Österreichische Bundesbahnen (ÖBB) framework plan 2022–2027. In addition to expanding and maintaining the existing rail network, the funds will be used to modernise rail infrastructure to meet climate change requirements.

 

The ÖBB strategy will digitalise the rail sector to provide passengers up-to-date information by improving the mobile network coverage along the routes.

 

The framework plan includes the planning for the double-track construction of the Herzogenburg–St. Pölten section and the Werndorf–Spielfeld-Straß line; and the expansion of the Pyhrnachse line, the Schaftenau and Radfeld junction, and the Villach Hbf, Ried im Innkreis, Innsbruck Hbf, and Imst-Pitztal stations.

 

ÖBB announced that the total investment planned for the modernisation and development of Austria’s rail system is EUR25 billion by 2026.

 

(1 EUR [Euro] = 1.15 USD)