Stockholm
Germany’s national railway, Deutsche Bahn AG, expects to take
responsibility for leasing trains to Stockholm’s subway if it wins
a bid to operate the capital’s underground system.
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The announcement was made by Deutsche Bahn’s senior company
official, Hermann von der Schulenburg, during an interview with
Associated Press.
The move comes as Deutsche Bahn undergoes a massive
restructuring, which includes plans to sell its 24.9 per cent stake
in a passenger and freight rail subsidiary.
Deutsche Bahn has looked at leasing in the past, although its
current foray into asset finance is expected to be gradual.
Deutsche Bahn is bidding to operate Stockholm’s subway service
via its S-Bahn Berlin subsidiary, which operates commuter trains in
the German capital, von der Schulenburg said. Its bid was submitted
in Stockholm on Friday. If successful, Deutsche Bahn would start
running the subway, or T-bana, at the end of 2009. Details of the
successful bidder are due to be released early next year.
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