News from the board meeting

Posted: 31. maj 2024

On June 22, the M4 extension to Sydhavn and Valby will open, and at the meeting, the board received an update on the inauguration and the activities planned in connection with the opening. The official opening program includes a public celebration at Mozarts Plads in the form of a street party with food stalls, live music, a flea market and entertainment, where representatives from the owners are expected to participate. At 12:30 pm, HM the King will cut the ribbon and declare the five new metro stations open for passengers.

"It is a great pleasure to be able to welcome passengers at five new metro stations and provide an easier, faster and sustainable journey around the capital. The M4 extension will connect the metro system to the Copenhagen Syd hub, which will eventually become one of Denmark's largest. The Metroselskabet's focus is on attracting as many passengers as possible from day one and ensuring that the Metro remains an integral part of everyday life in the capital," says Chairman of the Board Jørn Neergaard Larsen.

The board was also given an update on the completion of the station plazas, most of which are expected to be ready for the opening on June 22. However, some work will still be carried out after the opening, such as at København Syd, where the area around the roundabout facing the Køge Bugt line will not yet be completed.

At the meeting, the Board approved the annual portfolio plan under Metroselskabet's strategy for investments in fixed assets for the Metro in operation. The focus here is primarily on the reinvestment projects that ensure that Metro's technical facilities are maintained in a timely manner while maintaining a high level of operations. The portfolio plan also includes the Investment Program, which consists of capacity improvement projects on M1/M2.

Finally, the Board was briefed on Metro's ridership and operational stability. In April, the operational stability on M1/M2 was 97.8% compared to 98.9% in March. The low operational stability is primarily caused by an incident at Vanløse on April 15, where a prolonged technical fault occurred. Operational stability for M3/M4 was 98.7% in April compared to 99.0% in March. The primary cause is considered to be the prolonged power outage on April 22. Metroselskabet, in collaboration with the operator, is investigating the incidents that affect operational stability, and there is a general increased focus on both incidents and outages.

Metro's passenger numbers in April were 10.4 million passengers, which is 6% below the passenger budget for the month. Year-to-month, the realized ridership is 39.1 million passengers, which is 10% below the current year-to-month passenger budget. It is estimated that a large part of the shortfall is due to temporary effects of the M3/M4 closure in February 2024, which was a precondition for the M4 extension to open as planned.