Performance and Financing Agreement III
In the first year of the Performance and Financing Agreement (Leistungs- und Finanzierungsvereinbarung; LuFV) III being implemented, we believe we were able to achieve the agreed targets in spite of the Covid-19 pandemic, subject to the audit by the Federal Railway Authority (Eisenbahn-Bundesamt; EBA). The respective Infrastructure Status and Development Report was provided to the Federal Government on April 30, 2021. The maintenance and modernization of the existing infrastructure will continue with the LuFV III, which has a term of ten years and a total volume of € 86 billion up to 2029. In the first half of 2021, one capital expenditure focus was on the renovation of the superstructure, thus on tracks and switches.