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photo: BMK.Cajetan-Perwein / ÖBB /Austria on Track: EUR 21.1 Billion Green Mobility Leap Aims to Transform Transportation
Austria sets the stage for an ambitious railway expansion, targeting a robust investment of EUR 21.1 billion for the 2024-2029 period, as per the newly ratified ÖBB framework plan. Spearheaded by the Climate Protection Ministry, this initiative emphasizes Austria's ongoing commitment to green mobility, aiming to not only improve public transportation but also foster a sustainable transition in transport. That this move aims for new train stations, modernized routes, and expedited connections, marking it as a transformative step for Austrian transportation.
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Against a challenging economic climate marked by high inflation, securing financing for this expansive project is a testament to Austria's determination. ÖBB CEO Andreas Matthä points out that the expansion's fruition establishes ÖBB as a reliable mobility provider equipped to handle growing demand, while also solidifying its position as a consistent economic ally. Notably, this framework extends beyond just passenger transportation. Emphasizing comprehensive growth, it covers pivotal projects including the Semmering Base Tunnel and the Koralmbahn, while putting significant weight on enhancing local transport in metropolitan zones and furthering the infrastructure for freight transport. The plan also envisions a future-leaning emphasis on digitalization and investing in renewable energies.
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The framework is designed to not only spearhead the transport transition but also mitigate economic downturns, simultaneously bolstering employment in construction and related sectors. A distinct focus of this project is to strengthen domestic economic value. Projections indicate that for every euro invested, there's an anticipated return of two euros to the Austrian economy. On the employment front, a billion euro investment is forecasted to generate approximately 15,000 jobs during its construction phase.
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