2017 Integrated Report – Departure into a new era

Infrastructure

Overall, we expect train-path demand to improve slightly in 2018. Continued positive demand development is predicted for regional rail passenger transport thanks to increased regionalization funds. In addition, long-distance rail passenger transport is expected to realize additional volume following the commissioning of the Munich – Berlin line in December 2017. In rail freight transport, we also expect significant volume growth as a result of the master plan for rail freight transport.

Due to continued extensive construction activities, we expect constant development of station stops. The share of station stops by non-Group TOCs will continue to increase in future. Across Germany, the development of real retail sales (excluding vehicles and gas stations) has been as­sessed to be slightly positive for 2018. As a result, we expect that leasing income in stations will increase slightly.