Home / Austria Railway Data / Austria plans significant investments in railways

Austria plans significant investments in railways

Austria plans to invest about EUR 14.6 billion in expanding its rail infrastructure in the next six years. In addition to investments into the major rail corridors and the development of freight terminals, Austrian Federal Railways (ÖBB) also plans to purchase new rolling stock, including 101 new railcars worth EUR 500 million. 

Investments in infrastructure, the acquisition of new rolling stock, the future of freight transport and internship programs at Austrian Federal Railways (ÖBB) were the subjects discussed during the first work meeting of Gerald Klug, Austrian Minister for Transport, Innovation and Technology and Christian Kern, CEO of ÖBB on 1 February.

“Every Euro invested into freight or local transport makes railway more attractive as a transport mode, and increases Austria’s competitiveness“, stressed the Minister.

The future of rail freight transport was also discussed. The aim is to significantly increase the share of rail freight, from about one-third to almost 40 percent.  In order to reach this market share, starting with 2016 new freight locomotives will also be purchased. 

Check Also


Samsung and Russian Railways sign MoU for Silk Road Project

 Samsung Electronics and Russian Railways have signed in Moscow a memorandum of understanding for collaboration …

Leave a Reply

Your email address will not be published. Required fields are marked *