The Prague Post - New boss of Germany's crisis-hit railways vows 'new start'

EUR -
AED 4.282284
AFN 77.769297
ALL 96.678852
AMD 449.126943
ANG 2.087189
AOA 1069.258373
ARS 1697.118652
AUD 1.798056
AWG 2.101786
AZN 1.986896
BAM 1.956789
BBD 2.35569
BDT 142.451981
BGN 1.956789
BHD 0.438922
BIF 3447.241886
BMD 1.166039
BND 1.514265
BOB 8.082084
BRL 6.30268
BSD 1.169591
BTN 102.94902
BWP 15.67292
BYN 3.984313
BYR 22854.368279
BZD 2.352289
CAD 1.635312
CDF 2571.116853
CHF 0.92505
CLF 0.028569
CLP 1120.736306
CNY 8.31042
CNH 8.310845
COP 4497.072364
CRC 587.096659
CUC 1.166039
CUP 30.900039
CVE 110.320745
CZK 24.302244
DJF 208.275241
DKK 7.472917
DOP 73.967376
DZD 150.926263
EGP 55.400994
ERN 17.490588
ETB 173.836239
FJD 2.651399
FKP 0.868851
GBP 0.871903
GEL 3.152808
GGP 0.868851
GHS 12.543338
GIP 0.868851
GMD 83.955237
GNF 10149.12834
GTQ 8.958527
GYD 244.653623
HKD 9.056935
HNL 30.717522
HRK 7.50988
HTG 153.387506
HUF 389.579573
IDR 19324.359513
ILS 3.854348
IMP 0.868851
INR 102.614369
IQD 1532.174205
IRR 49046.528212
ISK 141.919081
JEP 0.868851
JMD 187.964978
JOD 0.826768
JPY 175.62304
KES 151.056329
KGS 101.970576
KHR 4707.378632
KMF 492.655985
KPW 1049.453263
KRW 1657.805016
KWD 0.35661
KYD 0.974693
KZT 629.187928
LAK 25379.824389
LBP 104735.722809
LKR 354.108931
LRD 214.028148
LSL 20.395206
LTL 3.443011
LVL 0.705326
LYD 6.348208
MAD 10.695304
MDL 19.724967
MGA 5202.628881
MKD 61.651152
MMK 2448.043252
MNT 4196.908958
MOP 9.356728
MRU 46.773635
MUR 52.507186
MVR 17.844759
MWK 2028.024758
MXN 21.427895
MYR 4.927727
MZN 74.522005
NAD 20.395206
NGN 1715.290741
NIO 43.041749
NOK 11.733882
NPR 164.718232
NZD 2.03675
OMR 0.447706
PAB 1.169591
PEN 3.960201
PGK 4.988521
PHP 67.771409
PKR 331.096002
PLN 4.245491
PYG 8301.194582
QAR 4.263154
RON 5.089999
RSD 117.229236
RUB 94.947977
RWF 1697.657824
SAR 4.373208
SBD 9.605099
SCR 16.207189
SDG 701.376864
SEK 11.000589
SGD 1.510259
SHP 0.874831
SLE 26.959259
SLL 24451.258412
SOS 668.437761
SRD 45.960645
STD 24134.657173
STN 24.512386
SVC 10.234171
SYP 15160.617712
SZL 20.388302
THB 38.181998
TJS 10.789352
TMT 4.081137
TND 3.415026
TOP 2.730985
TRY 48.901556
TTD 7.933009
TWD 35.723831
TZS 2877.153822
UAH 48.813866
UGX 4088.065694
USD 1.166039
UYU 46.82366
UZS 14223.186956
VES 234.627668
VND 30715.804552
VUV 143.407079
WST 3.275381
XAF 656.288622
XAG 0.022426
XAU 0.000275
XCD 3.15128
XCG 2.107865
XDR 0.816212
XOF 656.288622
XPF 119.331742
YER 278.570949
ZAR 20.25311
ZMK 10495.756208
ZMW 26.520401
ZWL 375.464146
  • RBGPF

    0.0000

    79.09

    0%

  • CMSD

    0.2000

    24.29

    +0.82%

  • NGG

    1.0500

    76.95

    +1.36%

  • RYCEF

    -0.3900

    14.91

    -2.62%

  • RELX

    0.0100

    45.23

    +0.02%

  • SCS

    -0.0100

    16.55

    -0.06%

  • GSK

    0.1400

    43.91

    +0.32%

  • AZN

    0.8600

    84.69

    +1.02%

  • BTI

    0.4800

    51.62

    +0.93%

  • CMSC

    0.3801

    24.1

    +1.58%

  • RIO

    -0.7300

    68.02

    -1.07%

  • BCC

    0.1900

    71.03

    +0.27%

  • JRI

    -0.0100

    13.77

    -0.07%

  • BCE

    0.5700

    24.26

    +2.35%

  • VOD

    0.1900

    11.67

    +1.63%

  • BP

    0.3500

    33.13

    +1.06%

New boss of Germany's crisis-hit railways vows 'new start'
New boss of Germany's crisis-hit railways vows 'new start' / Photo: Tobias SCHWARZ - AFP

New boss of Germany's crisis-hit railways vows 'new start'

The new chief of Germany's beleaguered rail network vowed Monday to make a new start, with the state-owned operator widely criticised for deteriorating services.

Text size:

Evelyn Palla is taking the helm of Deutsche Bahn, which was once widely admired for its punctuality and efficiency but now maligned for frequent delays and cancelled trains.

Almost 40 percent of long-distance services arrived late last year, not including the ones that were cancelled.

Promising a "new start", Palla conceded that improvement would take time.

"There is no quality switch we can suddenly flick and then all is good," said the incoming chief executive officer, an Italian who has been at Deutsche Bahn since 2019.

"Renewing railway infrastructure is a marathon, not a sprint."

The 51-year-old replaces Richard Lutz, who was sacked as CEO last month by the government of Chancellor Friedrich Merz, which took power in May and has pledged to get a grip on the crisis at Deutsche Bahn.

At a joint press conference with Palla, Transport Minister Patrick Schnieder said everyone wanted to be "proud" of Germany's trains again.

"We need to show that government can work and also show that the trains can work," he said.

But highlighting the challenges ahead, he also pushed back punctuality targets.

Deutsche Bahn is now aiming for 70 percent of long-distance trains to be on time by 2029 -- the previous deadline was 2026.

Schnieder nevertheless vowed "many billions" would help get the network back on its feet, with 100 billion euros ($118 billion) earmarked for renewing it by 2029.

Critics blame years of under-investment for the network's state.

Railway investment per head rose almost 70 percent last year as the previous government pushed to renew the network, according to passenger lobby group Pro Rail Alliance.

However, neighbours like Austria and Switzerland still spent roughly twice as much.

Palla said there were "gaps" from previous years when it came to paying for the network, particularly when it came to "extending or renewing" it.

"Of course we have to go into structured discussions with the government to close these gaps," she said.

P.Benes--TPP