German national railway Deutsche Bahn plans to renew 2,000 kilometers of track and 2,000 points this year as part of an effort to update the ageing rail infrastructure in Germany. Total investments in rail infrastructure by Deutsche Bahn as well as Germany's national and local governments will total around 16.4 billion euro ($17.5 billion) in 2024 alone, the state-owned railway announced on Monday. The most recent annual network status report from 2022 estimates the "age-based backlog demand" at $103.4 billion, with needed work on bridges making up more than half of that, 59.9 billion euro, according to the German News Agency (dpa). The most important rail construction project this year will be the general refurbishment of the Riedbahn rail corridor between Frankfurt and Mannheim. The line, a major north-south transport corridor for western Germany, is scheduled to be completely closed for five months. Source: Qatar News Agency
Related Articles
Annual Inflation Rate in Argentina Rises to 289.4%, Monthly Rate Slows
The annual inflation rate in Argentina rose to 289.4%, the country’s statistical office (Indec) said.
Prices in the South American country, which has been hit by a severe economic crisis, rose by 8.8% in April, data issued by Indec showed.
The costs…
Non-Energy Private Sector Growth Strengthens in April
Doha: Qatar’s non-energy private sector recorded a stronger improvement in business conditions in April, according to the latest Purchasing Managers’ Index (PMI) survey data from Qatar Financial Centre (QFC) compiled by S and P Global.
Output, new o…
S. Korea’s Presidential Office Expresses Disappointment Over BOK’s Rate Freeze
The presidential office expressed disappointment over the Bank of Korea’s decision to freeze the key rate at 3.5 percent Thursday, citing concerns over its impact on domestic consumption.
“The interest rate decision lies within the authority of the M…