We link up Hamburg | Management | Management Report | Annual Financial Statements | Further Information 3. REPORT ON SUBSEQUENT EVENTS As of 1 February 2016, Henrik Falk took over as Chairman of the Management Board from Günter Elste, who retired after twenty years in this function. No further particular events occurred subsequent to the balance sheet date which might influence the view of the situation of the company as it is presented in the Management Report. 4. FORECAST, RISK AND OPPORTUNITIES REPORT 4.1 Forecast report U4 line extension The extension of the U4 U-Bahn line is needed against the background of the planned and ongoing building development in the HafenCity East. The main component here is an extension to the route of 1.3 kilometres. This includes a turning loop and sidings in the immediate vicinity of the existing station as well as an additional station at Elbbrücken (the bridges over the Elbe), where passengers can change to the rapid transit network. The overall budget for the measure is € 178.2 million, which will be covered in its entirety by a grant from the Free and Hanseatic City of Hamburg and/or by funds made available by the Federal Government under the Local Authority Public Transport Finance Law (GVFG – Gemeindeverkehrsfinanzierungsgesetz). The major part of the construction work on the turning loop and sidings took place in 2015. With the exception of final installation work in 2016, this means that the plant is now completed. Operations could commence at the beginning of the year 2016/2017. Work on building the tunnel and trough section is proceeding according to plan. The shell construction on both the tunnel and trough section and the station at Elbbrücken was carried out at the beginning of the year 2015/2016. Shell construction work at Elbbrücken station is due to be completed in mid-2016 and on the tunnel and trough section in mid-2017. The subsequent erection of the station roof with pedestrian bridges and the track crossing inside the station were commissioned in November 2015. The project is proceeding within budget and on schedule. Services on this section of the U4 are due to begin at the end of 2018. 30 Barrier-free conversion of U-Bahn stations It is a particular concern of the Senate of the Free and Hanseatic City of Hamburg and of the Hamburger Hochbahn AG to facilitate access to local public transport for persons who are impaired in their mobility. The main elements in enabling barrier-free access are the integration of lift facilities, raising the level of platforms and equipping the stations with orientation aids for visually impaired persons. The entire programme for the conversion of stations for barrier-free access in the Hamburg metropolitan area is completely funded by grants from the Free and Hanseatic City of Hamburg. Financing for the stations in Schleswig-Holstein is enabled by funding from the federal state government of Schleswig-Holstein, the municipal authorities concerned and the rural district council of Stormarn. In Stage 1 of the accelerated programme, a total of 21 stations were to be converted to allow barrier-free access by the end of 2015.
Annual Report 2015 At the end of 2015/beginning of 2016, 19 stations under this part of the programme were already converted for barrier-free access. Stage 1 is planned to be completed with the reopening of the stations Stephansplatz and Klosterstern in mid-2016. In December 2013, a feasibility study was commissioned for the necessary work in the following stages, covering a further 34 stations (four of them in Schleswig-Holstein), with construction to begin in 2016. The purpose of this study is to determine the preferred variant in each case, the costs and a schedule for implementation. The study is due to be completed in early 2016. Based on the initial results, a funding request for a grant for the design and approval planning was submitted and approved for the six stations to be converted in Hamburg in 2016 as well as for the three stations earmarked for conversion in Schleswig-Holstein. The design planning for these stations has been completed and the necessary approval procedures were successively initiated beginning in May 2015. Approval has already been given for the plans for four stations. Approval for a further four stations is expected for the beginning of 2016 and the approval application for one station was submitted at the beginning of 2016. The funding requests for the construction work on the stations have been submitted, the approval for the grant for the stations in Hamburg was given in August 2015 and for the stations in Schleswig-Holstein in October 2015. The contractual agreements with the municipal authorities involved and the rural district council of Stormarn for the financing of the stations in Schleswig-Holstein have similarly been concluded. All works in this stage are proceeding on schedule and within budget. In addition, a funding request for a grant for the design and approval planning for the twelve stations planned to be converted in 2017 and 2018 has been drawn up and was submitted in October 2015. The relevant interim notice of appropriation of funding was received in December 2015. Further realisation of the remaining stations still to be converted for barrier-free access is planned to continue into the next decade. An innovative bus line On 18 December 2014 services on the so-called Innovation Line were inaugurated by the First Mayor of the Free and Hanseatic City of Hamburg. This means that the day-to-day services on this route are predominantly run by vehicles powered by alternative propulsion technologies. The vehicle mix on the line comprises parallel and serial diesel hybrid buses from the manufacturers Evo-Bus and Volvo, hydrogen hybrid buses (Evo-Bus and Solaris) and plug-in-buses (Volvo). On top of this, the necessary recharging infrastructure for the operation of the plug-in buses (pantographs) has been put in place. The goal pursued with the “Innovation Line” 109 in bus services in Hamburg is to gain experience under identical conditions and in practical everyday operation with the different technologies used in vehicles with alternative propulsion systems as well as the infrastructure needed for them. The operating and maintenance know-how gained in this way with the various technologies will thus provide an excellent basis for future decision-making. 31