German high-speed train

Germany goes greener with $95 billion push for train over plane

By Arne Delfs and Brian Parkin, Bloomberg

Germany launched an 86 billion euro ($95 billion) plan to modernize and expand its creaky railway system, a move billed as an effort to make transportation greener.

The 10-year plan is not only to upgrade rails, bridges and carriages but also build out capacity and electrify more routes so as to lure passengers from cars and planes. The federal government will finance 62 billion euros and state-owned Deutsche Bahn AG is to come up with 24 billion euros.

Read more: https://www.bloomberg.com/news/articles/2020-01-14/germany-goes-greener-with-95-billion-push-for-train-over-plane?srnd=climate-changed

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