Denmark invests oil revenues into rail infrastructure

The Danish Parliament approved, with the majority of votes, the revised draft of Togfond programme, according to which the revenues coming from the sale of North Sea oil will be used to substantially finance investments in the main rail network.

Initially announced in 2013, with the purpose of electrifying most of the main rail network, Togfond programme has been uncertain for a long time as the oil price fell, but also because of the current Government’s scepticism about investing in rail transport.

However, the programme now received the Parliament’s approval to be continued, although amended and divided into two development phases. The projects included in the second phase will be debated by the Parliament in 2019.

The first phase of Togfond programme is worth DKK 15 billion (EUR 2 billion) and includes the construction of a high-speed rail of 35 km between Odense and Middelfart (Kauslunde) on Funen Island (DKK 4.5 billion – EUR 604.8 million), the increase of speed on Fredericia – Aalborgroute (DKK 2.7 billion  – EUR 363 million), the electrification of Fredericia – Aalborg railway (Lindholm / Aalborg Airport) (DKK 5.4 billion  – EUR 725.8 million) and the electrification of Roskilde – Holbaek – Kalundborg railway, the end regional route in Copenhagen region (DKK 1.2 billion – EUR 161 million).

This first phase also includes the introduction of Ny Ellebjerg to allow the separation of conventional passenger trains that use Copenhagen – Ringsted high-speed railway and those that use Roskilde railway to Sweden. These works will receive a financing of DKK 500 million (EUR 67.2 million).

DKK 100 million (EUR 13.4 million) will be allocated for improved Wi-Fi connection on the entire route.

Share on:
Facebooktwitterlinkedinmail