Koblenz reports €9.3M profit but transport and pools still need subsidies
Koblenz reports €9.3M profit but transport and pools still need subsidies
Koblenz reports €9.3M profit but transport and pools still need subsidies
Koblenz Public Utilities (Stadtwerke Koblenz) has released its 2025 financial results, showing a net profit of €9.3 million. A portion of this, €6 million, will be transferred to the city’s municipal budget. The report also highlights trends in public transport and leisure services. Public transport in Koblenz saw mixed results last year. Ridership reached around 10.6 million, a slight dip from 2024, but satisfaction with bus services rose sharply for the third year running. Despite the drop in passengers, officials expect a significant recovery in 2026. Only 40% of transport costs are covered by fares, with subsidies making up the remaining 60%. However, the broader economic benefits of public transport are said to outweigh these subsidies by a factor of three.
The company’s subsidiaries, Koblenz Transport Services (koveb) and Koblenz Public Pools GmbH, both recorded deficits. Public swimming pools, including the Moselle River Baths, traditionally operate at a loss but remain vital for community health and quality of life. The Moselle River Baths, reopened in August 2024, welcomed around 210,000 visitors in its first full year. The financial results confirm the city’s ongoing investment in essential services. Public transport and swimming pools continue to rely on subsidies, yet their social and economic value is clear. The upcoming year may bring further improvements in ridership and service satisfaction.
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Koblenz reports €9.3M profit but transport and pools still need subsidies
A €9.3M profit boosts Koblenz's budget, yet buses and pools still rely on subsidies. Can 2026 bring a turnaround for ridership and sustainability?