Germany Turns Its Attention to Public Works

Germany Turns Its Attention to Public Works

As Germany’s response to calls for more expansive economic measures, the plan is the second part of an initiative launched back in 2001. At that time, €170 billion had been assigned, but many of the projects never ended up being realized. It is for this reason that Minister Dobrindt has described the new plan as realistic rather than just a dream. In an article published in the newspaper “Handelsblatt”, he underlined the fact that the German transport system had suffered for a long time for lack of investment. Studies dating back to 2013 have shown that 40% of federal roads need to be worked on to make them safe.

So the plan focuses on modernizing the country’s existing infrastructure, with €140 billion of the €270 billion earmarked for repairing roads, highways, railway lines and waterways. Of the €140 billion, €66 billion will go to roads against the €27 billion spent under the previous plan between 2001 and 2013.

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nella categoria Economia
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