Integrated Interim Report 2019 – Germany needs a strong rail system

Development of business units

Progress on the Stuttgart — Ulm project

On January 26, 2018, the DB AG Supervisory Board approved a financing framework of € 8.2 billion for the Stuttgart 21 project. This financing framework contains a buffer of almost € 0.5 billion to cover unforeseen events. This buffer can only be drawn upon with the Supervisory Board’s prior approval. The Supervisory Board released this buffer on June 19, 2019 to be able to compensate for potential cost increases due to higher market prices related to the still pending awards.