History
- 1882 – Gradual nationalisation of the railway network of the Austro-Hungarian monarchy into the Imperial Royal Austrian State Railways (Kaiserlich-königliche österreichische Staatsbahnen).
- 1923 – Foundation of the independent, commercial enterprise, the Austrian Federal Railways (Österreichische Bundesbahnen) which used the abbreviation BBÖ, because ÖBB was already taken by the Swiss Oensingen-Balsthal-Bahn.
- 1938 – The Anschluss of Austria into the German Empire. The BBÖ was taken over by the Deutsche Reichsbahn. During the Second World War about 41% of the Austrian railway network was destroyed.
- 1947 – The ÖBB (by that time the Swiss private railway used the abbreviation SP for its goods wagons in international traffic, so its abbreviation ÖBB could now be appropriated) were reformed as a state-owned company. Their infrastructure was rebuilt and electrification was accelerated.
- 1969 – A new federal railway law was enacted. The ÖBB became a non-independent, economic entity, that was run as a branch of the government's industrial programme and remained entirely within the Federal budget.
- 1992 – The ÖBB were broken out of the federal budget and turned into company with its own legal status (a cross between a GmbH and an AG in Austrian commercial terms). The company is 100% owned by the Republic of Austria. This change had two primary aims: 1. It had to conform to EU rules on the admission of Austria into the European Union. 2. The financial demand on the public purse was to be reduced as a result of improvements in efficiency and the pressure of competition.
- 2004 – The ÖBB were reorganised into ÖBB Holding AG and a number of operating subsidiaries. The holding company was to oversee the operations of the companies assigned to it, coordinate a coherent strategic approach and allocate tasks for the whole enterprise.
- 1 January 2005 – The subsidiaries of ÖBB-Holding AG became autonomous and independent operationally. See below.
The Austrian rail system is largely electrified. Electrification of the system began in 1912 but did not reach an advanced state until the 1950s. The last steam locomotive in regular service on the standard gauge network was retired in 1978.
The post-war laws related to the Austrian railways were the:
- Eisenbahngesetz (EisbG 1957),
- Schieneninfrastrukturfinanzierungsgesetz (SCHIG 1999),
- Eisenbahnhochleistungsstreckengesetz (HIG 1999) and
- Bundesbahngesetz (1992).
Read more about this topic: Austrian Federal Railways
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