HomeCompany NewsGerman minister wants to tie Deutsche Bahn bonuses to meeting targets

German minister wants to tie Deutsche Bahn bonuses to meeting targets

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BERLIN, Aug 9 (Reuters) - ‌Germany's new transport minister said he ​wants to tie bonus payments to Deutsche Bahn executives more ⁠directly to the struggling national rail operator meeting government targets, as criticism mounts over chronic delays and ​management pay.

"It will have a concrete impact on bonus payments ‌of Deutsche Bahn managers if targets set by the government are not met," the minister, Steffen Bilger, told newspaper ⁠Bild am Sonntag in an interview ⁠published on Sunday.

Many transport experts say Deutsche Bahn's problems are the result of decades of underinvestment in infrastructure, despite rising rail use, as well as its ‌status as a joint-stock company aiming to turn a ⁠profit and provide a public ‌service.

As the government prepares to plough ​billions of euros into overhauling the network, Bilger, who was appointed late last month, said he ‌was determined to improve punctuality.

"The figures ​so far are completely ⁠inadequate," he said.

But it will take time. ‌Under the current agreement, long-distance ⁠trains are meant to reach 70% punctuality by 2029, up from around 60% in the first half ​of this year.

"There won't ‌be 100% for the foreseeable future," he said. "I don't ⁠think it exists in ​other countries in Europe either."

(Writing by Dave Graham; ​Editing by Andrea Ricci)

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