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Stuttgart 21 rail project to cost extra €1.1 bln
Published: 12 Dec 12 16:36 CET | Print version
Online: http://www.thelocal.de/national/20121212-46735.html
The controversial railway development Stuttgart 21 is expected to cost around €1.1 billion more than originally planned, Deutsche Bahn said on Wednesday. The figure pushes the project's final price tag to at least €5.6 billion.
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Germany's national railway operator Deutsche Bahn previously estimated it would cost around €4.5 billion, but now the extra billion has to be found.
“The economic viability of the project is decreasing, but it will not go negative,” said Deutsche Bahn manager Volker Kefer.
He added that while there was a chance that this figure could increase further, there was also a chance that the costs could be cut by as much as €200 million.
Baden-Württemberg state premier Winfried Kretschmann said that if Deutsche Bahn's estimation was correct, the company would have to pay the difference themselves. “This is due to planning errors by the Bahn,” he said.
Criticism of the massive rail project has come from many sides, including environmentalists who voiced concern about the effect the building work could have on the area. Violent protests rocked the southwestern city in 2011 after the police cleared a demonstrators' camp.
DPA/DAPD/The Local/jcw
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Your comments about this article:
On the bright side, at least €1.1 bn should provide more work and more employment.
Another aspect is that the new capacity is LESS than the old - which results in legal problems: They claim European subsidies for improvement, but when the capacity goes down they will lo0se them (=> additional cost).
We all know that projects cost much more than planned.
But if you stand there bragging about the best planned project ever and cost explodes before it even really started it is only very, very embarrassing.
Furthermore, it had been planned in the past but cancelled as being non economic.
Now it is more expensive and shall be economic...?
Have all those politicians sign up for the debt with their PRIVATE money and they will stop it tonight.
At the time being, it is just a bloody Taj Mahal for certain politicians that did nothing else worth remembering...
TheWonderer