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Latest German Fad: Leasing Out the Subway.

Authors :
Landler, Mark
Source :
New York Times. 7/10/2003, Vol. 152 Issue 52540, pW1. 2p. 1 Color Photograph.
Publication Year :
2003

Abstract

Focuses on German cities leasing their subway systems to American investors as a way to raise capital during tough economic conditions in Germany. Details of the city of Frankfurt's offer to lease its subway system in an arrangement that is known as cross-border leasing; Amount of money raised by Düsseldorf, Dortmund, and Essen by leasing their subway systems to American investors; Number of municipalities in Europe offering these deals; Tax advantages, with respect to depreciation of assets, to be gained from leasing the systems; What critics of the plan are saying.

Details

Language :
English
ISSN :
03624331
Volume :
152
Issue :
52540
Database :
Academic Search Index
Journal :
New York Times
Publication Type :
News
Accession number :
10210206