Opportunity and risk report Deutsche Bahn 2021

Infrastructure financing

At the beginning of 2020, we concluded an agreement with the Federal Government that sets out the financing of the existing network until 2029. The LuFV III and the associated long-term assurance of infrastructure quality and availability improve the attractiveness of rail as a mode of transport, which in turn results in more traffic and therefore higher revenues for infrastructure companies. Risks arise from a potential failure to achieve the contractual objectives set out in the LuFV and from a possible reclaim by the Federal Government following audits of applications of funds for the intended purposes.

The economic sustainability of capital expenditures or financial contributions to capital expenditure projects funded with DB funds is essential if we are to ensure DB Group’s ability to invest in the long term.

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