Germany announces $299bn infrastructure investment
Germany’s federal government has announced a €265bn ($299bn) infrastructure investment plan covering the next 14 years.
The national infrastructure plan (Bundesverkehrswegeplan), which was announced on Wednesday, sets out which roads, railway lines and waterways the government wants to invest in until 2030.
Around two thirds of the money is earmarked for modernising existing infrastructure and one third on building new infrastructure.
It says that 49.4% of the investment should be spent on roads, 41.3% on railways and 9.3% on waterways.
However, the current plan only represents a first draft.
The government is now asking German citizens for feedback and suggestions as part of a six-week consultation.
The plan will then be revised and ratified by the Cabinet.
Alexander Dobrindt, minister for transport and digital infrastructure, said the plan is the “strongest investment programme for infrastructure the country has ever seen.”
The last time such a plan was published was 2003 when an investment of €355.5bn ($401bn) was announced.
For more information visit www.bvwp2030.de
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