Belgian Rail Faces 1 Billion Euros Debt by Year-End, Tijd Says

Belgium’s state-owned railway company SNCB/NMBS faces 1 billion euros ($1.4 billion) in debt by the end of this year, De Tijd reported, without saying where it got the information.

Parent company NMBS Holding refused to guarantee SNCB/NMBS’s loans on May 13 after the rail unit suggested cutbacks, according to the newspaper.

To contact the reporter on this story: Aoife White in Brussels at

To contact the editor responsible for this story: Anthony Aarons at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.