Stuttgart 21 cost review

On December 13, 2023, the Supervisory Board of DB AG discussed the results of the schedule and cost review, which was conducted by experts, for the Stuttgart 21 project. The main background to the review, which began in autumn 2023, was the sharp rise in inflation in the construction sector. The total project cost of Stuttgart 21 has increased to € 10.953 billion. This now also includes € 153 million of the arbitration measures. The reasons for the current development are market effects in a difficult global environment, challenges due to the uniqueness of the expansion of the station and the project, and the currently weak response to our tenders and thus lack of competition among potential contractors. In addition to the new total amount of € 10.953 billion, the Supervisory Board resolved to establish an additional provision of € 500 million to cover further risks and forecast uncertainties.