BERLIN (Reuters) – The German government wants to inject some 50 billion euros ($57 billion) into upgrading the national rail network over the next decade, mass-selling Bild newspaper reported on Sunday.
State-owned rail operator Deutsche Bahn is under pressure to improve its services and reduce train delays that have become an irritation for commuters.
Company - Strain - Debt - Mountain - Euros
The company is also facing financial strain. It has a debt mountain of 20 billion euros and its financing deficit is expected to hit 5 billion euros by 2023.
Deutsche Bahn has a deficit of 1.2 billion euros a year in costs for maintaining the...
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