Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
Social distancing measures at train stations in the Netherlands
Social distancing measures at train stations in the Netherlands - Credit: NS / NS.nl
Business
public transport
Cabinet
bailout
Covid-19
Stientje van Veldhoven
Minister for the Environment and Housing
Friday, 5 June 2020 - 20:40
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Public transportation to receive 1.5 billion euro bailout following Covid-19 crash

Dutch public transport companies are set to receive a 1.5 billion euro bailout to ensure that public transit does not go bankrupt, the Cabinet announced on Friday evening. The cash injection is intended to compensate carriers for declined passenger numbers in the wake of the Covid-19 public health crisis.

"Public transport has shown its best side in recent months. Healthcare workers were transported to the hospital and employees from supermarkets, garbage collection services, the police and fire brigade also came to work by public transport," said Minister for the Environment and Housing Stientje van Veldhoven.

The scheme aims to compensate a total of sixteen public transport companies for more than 90 percent of their costs, which will be dished out until the end of the year, the cabinet said. All of this will be done on the condition that no dividends or bonuses are paid out to public transport chiefs, they added.

The decision comes as public transport companies saw their passenger numbers crash over the past three months, with commuters working from home and leisure travelers staying put out of concerns for their health.

From Monday, trains in the Netherlands began resuming their pre-Covid-19 schedules. However, according to the cabinet, the rise in public transit will not be enough to save the ailing companies on its own.

Follow us:

Latest stories

  • Care farm ordered closed for physically, mentally abusing people with disabilities
  • More people under 30 applying for mortgages
  • Vattenfall to lower energy prices to below price cap for 700,000 customers in April
  • Dutch rescue team arrives in Turkey; Nearly €1.2 million raised for earthquake victims
  • Dutch population made more spending cuts in December than rest of EU
  • Hospitals vary widely in when they refer babies to pediatricians

Top stories

  • Care farm ordered closed for physically, mentally abusing people with disabilities
  • Vattenfall to lower energy prices to below price cap for 700,000 customers in April
  • Dutch rescue team arrives in Turkey; Nearly €1.2 million raised for earthquake victims
  • Netherlands to send a search & rescue team to Turkey after 7.8 magnitude earthquake
  • Dutch employers becoming less critical during hiring process
  • Multiple writers receive threats after defending Pim Lammers, "Unacceptable": Dutch PM

© 2012-2023, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content