Annual Report 2025 – ÖBB-Infrastruktur AG

ÖBB-Infrastruktur Aktiengesellschaft Consolidated Management Report | Consolidated Financial Statements 232 In accordance with the 2022 to 2027 grant agreement, the share to be assumed by the Federal Government for expansion investments and reinvestments in accordance with the 2022 to 2027 framework plan (with the exception of the Brenner Base Tunnel) is 80% of the annual investment expenditure, for which grants are paid in the form of an annuity spread over 30 years. For the Brenner Base Tunnel project, the Federal Government will provide a subsidy of 100% in the form of an annuity spread over 50 years. The interest rate used is the current rate for long-term financing of ÖBB-Infrastruktur AG. The share to be assumed by the Federal Government for expansion investments (excluding the Brenner Base Tunnel) and reinvestments will be reviewed on an ongoing basis and, if necessary, adjusted to current requirements for future grants. The Federal Government also provides a grant for inspection and maintenance, fault clearance and repair of the rail infrastructure to be operated by ÖBB-Infrastruktur AG. The amount of this grant is determined on the basis of ÖBB- Infrastruktur AG’s business plan, the specified limit on the total grant in accordance with Section42 of the Federal Railways Act and the achievement of the targets (performance and output targets) in accordance with the grant agreement in accordance with Section42 (1) of the Federal Railways Act, taking into account liquidity requirements. Changes to the functionality and/or scope of the rail infrastructure to be operated by ÖBB-Infrastruktur AG will result in an increase or decrease in the grant. Therefore, ÖBB-Infrastruktur AG is to reach agreement with the BMIMI and the BMF before making such changes. In 2025, based on the applicable grant agreement from 2022 bis 2027 in accordance with Section42 (2) Federal Railways Act (Bundesbahngesetz), a grant in the sum of approximately EUR 1,464.3 million (previous year: approximately EUR 1,408.4 million) was issued for extensions and reinvestment. Approximately EUR 463.9 million (previous year: approximately EUR 464.3 million) were granted for inspections, maintenance and fault clearance. ÖBB-Infrastruktur AG made investment grants in the sum of approximately EUR 300.0 million (previous year: approximately EUR 150.0 million) for the Brenner Base Tunnel construction costs. Payments as per agreement with the state of Tyrol as part of the acquisition of shares and the payments made by the Federal Government to ÖBB- Infrastruktur AG in conjunction with the cross-financing from the road sector amounted to approximately EUR 58,0 million (previous year: approximately EUR 55.5 million). Infrastructure operation and apprenticeship costs ÖBB-Infrastruktur AG is to submit an annual rationalisation and savings plan with a forecast to the BMIMI and the BMF. The basis of the contract for the grant pursuant to Section42 (1) of the Federal Railways Act is, in particular, the six-year plan drawn up by ÖBB-Infrastruktur AG for a period of six years in accordance with Section42 (6) of the Federal Railways Act with a precise description of the measures required to perform its tasks for the needs-based and safe provision of the rail infrastructure, including the time and cost plans as well as the rationalisation plans and a forecast of the usage and other charges. In accordance with Section45 of the Federal Railways Act, the BMIMI has entrusted SCHIG with the task of monitoring compliance with the obligations assumed by ÖBB-Infrastruktur AG in the grant contract. This subsidy agreement defines the targets to be achieved by ÖBB-Infrastruktur AG in conjunction with the subsidy pursuant to Section42 of the Federal Railways Act. The specific targets to be achieved by ÖBB-Infrastruktur AG are divided, in particular, into general, quality, safety and efficiency targets, which are agreed taking into account the statutory tasks of ÖBB-Infrastruktur AG. They are set out in the business plan agreed between the Federal Government and ÖBB-Infrastruktur AG in accordance with Section42 (6) of the Federal Railways Act. ÖBB-Infrastruktur AG‘s compliance with the obligation resulting from the Federal Railways Act to ensure and continuously improve the quality and safety of the rail infrastructure to be operated is assessed in conjunction with the granting of subsidies using key figures. Unless otherwise agreed between ÖBB-Infrastruktur AG and the Federal Government, the annual grant amounts are to be reduced in the course of updating by the pro rata operating expenses for rail infrastructure that is transferred to other operators or is no longer operated by ÖBB-Infrastruktur AG contrary to the provisions of the business plan in accordance with Section 42 (6) Federal Railways Act (Bundesbahngesetz).