The infrastructure Board Volker Kefer gives to his post. The deputy CEO Rüdiger Grube is reacting to criticism of his administration. He was accused of having informed the Supervisory Board too late on cost increases in the project Stuttgart 21st The Supervisory Board meets in Berlin on Wednesday. Kefer should present the most recent developments in Stuttgart 21 there.
Kefer was the Chairman Utz-Hellmuth Felcht informed “that he does not represent an extension of his ending in September 2017 employment contract available,” said the web on Tuesday night with. Kefer will “remain until the determination of his successor in office and continue to carry out its tasks in full”. Felcht added that the Supervisory Board will now lay down rules to follow. He’ll take Kefers decision “with great respect and appreciation to”.
The 60-year-old Kefer is since 2009 on the board of trains and cares, since 2010, to the billion project Stuttgart 21. Two weeks ago it was announced that the current cost and schedule for the construction of the new underground through station in Stuttgart, including feeder lines is not likely to hold.
then was criticized from the Supervisory Board. The deputy chairman Alexander Kirchner expressed on Sunday his lack of understanding that had been declared three months ago, with Stuttgart 21 was all right. This has now proved to be false.
In Stuttgart 21 after the recent inventory of the targeted web start end 2021 was in danger. It could the internal report, take up to two years longer. In addition, the financial buffer of EUR 500 million is almost depleted. So far, the determined by the Supervisory Funds totaling EUR 6.5 billion. From the project partners almost 6 billion euros have been approved as an investment budget. The projects are noisy train opinion since the end of 2012 by external factors cost risks in the amount of 623 million euros added.
Kefer has been also largely responsible for the modernization program “future path”, with which the company become more competitive want. The agenda of the Supervisory Board on Wednesday is also the restructuring plan for the rail freight subsidiary DB Cargo.
This 2015 was slipped into the red with earnings before interest and tax of minus EUR 183 million. The track will now shut down more than 200 of 1,500 freight stations in Germany. That would cost 2100 jobs by these plans. End of 2018 profit to be made again. The employee representatives on the Supervisory Board require a more aggressive course, which commences immediately on growth. At the meeting on Wednesday, a compromise should be found.
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