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WINTER

Damning report rules out Deutsche Bahn share sale

German rail provider Deutsche Bahn must give up plans to sell shares on the stock market due to grave service failures this winter, according to a Transportation Ministry report to be released this week.

Damning report rules out Deutsche Bahn share sale
Photo: DPA

Transport Minister Peter Ramsauer is set to present the unflattering report on the country’s beleaguered rail service Wednesday, detailing how the company’s inability to handle the tough winter led to travel chaos for passengers.

“Reasons for this were snow drifts, frozen junction plates, and ice at crossings,” according to excerpts from the report provided to a parliamentary transport committee. Some 110,000 Deutsche Bahn passengers have demanded damages for late or cancelled trains.

Ramsauer’s ministry has spent the last several weeks researching the report on how the icy weather affected all forms of transportation in the country, including salt and de-icer shortages endangering roads and airports, but the most damning details focus on Deutsche Bahn.

In the report, Ramsauer also criticised his predecessor Wolfgang Tiefensee and former Deutsche Bahn CEO Hartmut Mehdorn for leading the company into its current state.

Last summer Ramsauer alleged that spending cuts ahead of the planned public offering to boost the company’s bottom line were partly to blame for major technical problems on trains during a heat wave.

With even greater problems this winter, Deutsche Bahn must now concentrate indefinitely on improving its core business services instead of aiming to float part of the company on the stock market to fund expansion, the report said.

Investment in new and existing trains must be increased, Ramsauer added in the report.

“Additionally capacity at workshops must also be increased,” he said.

Meanwhile 14 new high-speed ICE trains expected by 2012 will no longer be sold abroad, instead being put to use at home. Another 10 trains currently in use by the Netherlands national rail service will be also be bought back, while others will be rented from Swiss and French rail companies.

The details of the report emerged a week after Deutsche Bahn boss Rüdiger Grube faced angry questioning from state officials and the parliamentary transportation committee for the company’s failures. He promised €44 billion in investment on upgrades over the next five years – though some state transport ministers insisted that would not be enough and Grube admitted he could not guarantee services would be back to normal next winter.

Still the centre-right federal government, backed by conservative state ministers, refused to waive the €500 million it is owed by Deutsche Bahn as a dividend on profits.

DPA/DAPD/ka

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TRANSPORT

Copenhagen Metro lines reopen after two-week closure

Lines M3 and M4 of the Copenhagen Metro are back in service having reopened on Sunday, one day ahead of schedule.

Copenhagen Metro lines reopen after two-week closure

The two lines had been closed so that the Metro can run test operations before opening five new stations on the M4 line this summer.

The tests, which began on February 10th, are now done and the lines were running again as of Sunday evening, a day ahead of the original planned reopening on Monday February 26th.

“We are very pleased to be able to welcome our passengers on to our two lines M3 and M4,” head of operations with the Metro Søren Boysen said.

“The whole test procedure exceeded all expectations and went faster than expected and we can therefore get a head start on our reopening now,” he said.

Time set aside for potential repeat tests was not needed in the event, allowing the test closures to be completed ahead of time.

“Several of our many tests went better than expected and we have therefore not used all the time we needed for extra tests,” Boysen said.

The two lines serve around one million passengers every week, according to the Metro company.

READ ALSO: Copenhagen city government greenlights extension to Metro line

The new stops on the M4 line will be located south of central Copenhagen in the Valby and Sydhavn areas. The will have the names Haveholmen, Enghave Brygge, Sluseholmen, Mozarts Plads and København Syd (Copenhagen South).

The M3 and M4 lines, the newer sections of the Metro, opened in 2019 and 2020 respectively.

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