The 2003 federal transport plan included it as an urgent project. It includes a new high-speed line between Stuttgart and Ulm with a maximum speed of 250 km/h, parallel to the existing Stuttgart-Ulm line (Filsbahn) and an upgraded Bayerische Maximiliansbahn line between Ulm and Augsburg with a design speed of up to 200 km/h. On July 19, 2007 it was announced by the Federal Government, the State of Baden-Württemberg and DB that the project had been officially approved. Identifed funding sources are for the project are: Baden-Württemberg (€ 1,635 million), Deutsche Bahn (€ 1,115 million) and the Federal Government (€ 500 million). The European Union will also provide some funding.
The project consists of the following components:
The Stuttgart–Augsburg new and upgraded line is a component of the Magistrale for Europe from Paris to Budapest, which is supported by the European Union as part of its Trans-European Networks. The European Union is providing up to 50 per cent of the planning phase of the project and is expected to fund ten per cent of its construction costs.
When complete, high-speed trains will take 28 minutes between Stuttgart and Ulm and trains between Stuttgart and Munich with stops in Ulm and Augsburg will take less than one and a half hours compared to more than two hours today. This is part of Deutsche Bahn's Netz 21 (network 21) concept, which envisages a reduction of the travel time between Frankfurt and Munich from over three and a half today to only two and a half hours in the future. The Stuttgart-Ulm section is expected to be completed in 2020.