€17.5m boost for Berlin's public transport
An extra €17.5 million will be invested in Berlin’s public transport each year from 2014. Much of the money will be used to increase capacity on the stretched network.
BVG which runs the city’s U-Bahns, trams, buses and S-Bahn system has a debt of more than €800 million and it wanted an annual increase of €35 million in funding, the Berliner Morgenpost reported on Friday.
But the €17.5 million yearly boost is being seen as a partial victory. BVG cited rising wages and fuel costs to justify the rise six-percent increase in its budget.
The budget for 2014/15 was decided on Thursday, but during negotiations with Berlin’s senate an extra €4 million had been approved for 2014 and €7.5 million for the year after.
That money is earmarked for increasing network capacity as more trips are expected to be made on trams and buses in particular.
BVG gets €300 million a year and half of that money is used to maintain and modernize the network.
READ MORE: Leipzig's €1-billion train tunnel to finally open
Comments
See Also
BVG which runs the city’s U-Bahns, trams, buses and S-Bahn system has a debt of more than €800 million and it wanted an annual increase of €35 million in funding, the Berliner Morgenpost reported on Friday.
But the €17.5 million yearly boost is being seen as a partial victory. BVG cited rising wages and fuel costs to justify the rise six-percent increase in its budget.
The budget for 2014/15 was decided on Thursday, but during negotiations with Berlin’s senate an extra €4 million had been approved for 2014 and €7.5 million for the year after.
That money is earmarked for increasing network capacity as more trips are expected to be made on trams and buses in particular.
BVG gets €300 million a year and half of that money is used to maintain and modernize the network.
READ MORE: Leipzig's €1-billion train tunnel to finally open
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.