(Bloomberg) —
Author of the article:
Bloomberg News
Vanessa Dezem
(Bloomberg) —
Germany plans to give coal trains priority over passenger services on its rail network as it struggles with an energy crunch that’s threatening the economy, the Welt am Sonntag newspaper reported, citing a draft proposal.
Priority is normally given to passenger transport in Germany, and timetables are geared toward it. As a result there’s a risk of chaos on the rails from making the change, according to the draft.
Germany faces an historic energy crisis, which has fueled inflation and put the country on the brink of a recession. Russia has drastically cut natural gas flows on the key Nord Stream 1 pipeline amid its war in Ukraine. And hot and dry weather has hampered fuel transportation via Europe’s main rivers.
The draft plan is seen likely to be passed promptly as there’s growing pressure to accelerate fuel transport via rail, Welt am Sonntag reported. Germany also needs to improve coal transport to move forward with its plans to reopen power plants to boost energy security.
Advertisement 2
Financial Post Top Stories
Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300