Prestige challenge: Deutsche Bahn loses a billion greenback order in Canada | EUROtoday

According to “Spiegel” info, Deutsche Bahn has misplaced one in all its largest worldwide orders: The Canadian transport affiliation Metrolinx surprisingly canceled the billion greenback contract with the DB subsidiary International Operations (DB IO) for modernizing and working the 450-kilometer native community in Toronto and Ontario.

This is a bitter setback for the railway-the status challenge was thought of a showcase for the export of German railway know-how and as a hope for worldwide growth.

The prepare sees duty in Canada. The present developments are on account of a basic strategic realignment at Metrolinx, which primarily impacts the modernization and growth of transport techniques in addition to the operation of regional transport, in line with a spokeswoman. “We have not made any investments in the project. Since the start of the contract, we have made considerable profits in the double-digit million range as part of the order,” says “Spiegel” request.