Performance and Financing Agreement III
The term of the LuFVII ended on December 31, 2019. In our view, we achieved the agreed targets in the previous year (before the audit by the Federal Railway Authority (Eisenbahn-Bundesamt; EBA)). The respective Infrastructure Status and Development Report was provided to the Federal Government on April 30, 2020. The maintenance and modernization of the existing infrastructure will be continued with LuFV III which has a term of ten years and entered into force on January 14, 2020, retroactively as of January 1, 2020. By 2029, a total of € 86 billion is set to have been spent on maintaining and modernizing the existing network.