DB in the state aid loop again with multimillion financial injection
Deutsche Bahn headquarters in Berlin. Image source: Pixabay
Deutsche Bahn will receive 215 million euros in the form of equity injection under the EU’s state aid guidelines. The financial support scheme was approved by Brussels, aiming to compensate the German national company for the losses of its subsidiaries from the Covid-19 pandemic between 16 March and 31 May 2020.
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A pity it is, that Industry has “missed the train”.
Upgrading (as the global devices, for added load and lower costs, etc.) should have started 30 years ago.
Low price, “state of the art”…, has proved high cost. Quality pays!
Sooner, the better, the decisive upgrading, Shift, has to come. Capacity, when added, provides for higher utilisation of assets, of staff, etc. A New Old Railway is needed, a resilent, allowing for the “new normal”, etc.