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Germany greatly increases infrastructure spending until 2029

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Transport Minister Patrick Schnieder announced in Berlin on Tuesday that Germany would invest about 166 billion euros ($193 billion) in its state-owned railway network until 2029.

“We all have to get used to more construction sites to get the transportation infrastructure up to standard,” Schneider said, adding that the railway network will cost about 100 billion euros.

The country's railway infrastructure has long been criticized for its long-term criticism, and many highway bridges need maintenance.

Secretary of State Stefan Schnorr said railway digitization will be another focus, signal modernization and European train control systems, which allow trains to communicate and follow more closely, thus implementing.

By the end of the current parliament in 2029, €52 billion will be invested on major roads and €8 billion waterways. During the 2020-24 period, the amount increased by about 60%.

Most of the funds come from a special fund for infrastructure and climate, which will provide €500 billion over 12 years. The conservative-led federal government took office in early May and has agreed to significantly increase borrowing.

Schnorr said the construction department will now have planned security, but warned that price increases will not be tolerated.

A spokesman for state-owned railway company Deutsche Bahn (DB) welcomed the news, saying the investment would take Deutsche to the next level.

DB plans to completely renovate 40 main routes, hoping that these parts will not require a lot of work over the years, thereby improving the train’s punctuality and reliability.

The Frankfurt-Mannheim route was renovated last year, and the Hamburg-Berlin route will be followed this year.

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