Brussels approve additional support for war-related losses in Germany

Railway companies can also benefit from the support package since it is available for companies across different sectors.

The EU Commission approved an additional 11 billion euro state aid scheme directed to Germany. The umbrella scheme, as the Commission calls it, is complementary to the 20 billion euros allocated to Germany in late April. The extra funding will be used to compensate companies suffering financial losses due to the war in Ukraine and the related sanctions.

As mentioned before, railway companies can also benefit from the support package since it is available for companies across different sectors. The aid will take the form of guarantees on loans and subsidised loans, administered by federal, regional and local authorities.

Opportunity for rail

Rail freight operators reported an 80 per cent drop in Eurasian volumes after the war in Ukraine occurred. Fewer volumes mean decreased revenue, and state aid schemes are crucial to counterbalance the sector’s financial deficits. Read more

Source: RAILFREIGHT.COM

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