Germany boosts transportation infrastructure spending for 2017

Germany has boosted its transportation infrastructure spending for 2017. The biggest slice of the budget - 42% - goes to the labour and social welfare ministry, followed by the military which gets just over 11% of the money, €36 billion, up €2.7 billion. The total budget of the German Ministry of Transport and Digital Infrastructure amounts to €26.8 billion, up 9.2% or €2.2billion from this year. Of this €26.8 billion, €13.7 billion will be invested in infrastructure. This will grow in 2018 to €14.4 b
December 19, 2016 Read time: 1 min
Germany has boosted its transportation infrastructure spending for 2017.

The biggest slice of the budget - 42% - goes to the labour and social welfare ministry, followed by the military which gets just over 11% of the money, €36 billion, up €2.7 billion.

The total budget of the German Ministry of Transport and Digital Infrastructure amounts to €26.8 billion, up 9.2% or €2.2billion from this year. Of this €26.8 billion, €13.7 billion will be invested in infrastructure. This will grow in 2018 to €14.4 by 2018. Spending will focus on future technologies such as electric mobility or automated and networked driving including providing €300 million for electric vehicle charging infrastructure.

The 2017 federal budget rose 3.8% - €12.2 billion – on this year’s budget to reach just over €329 billion. For the fourth year in a road, the federal budget deficit will be zero, according to the treasury.
Finance & Funding

Related Content

  • Deutz announces results for 2015
    March 17, 2016
    German engine manufacturer Deutz has today announced its financial results for 2015. New orders amounted to €1.2259 billion, down by 11.1% on the prior-year figure of €1.379 billion. In the service business, new orders were up by 7.2% however, although other segments reported a decrease in new orders compared with 2014.
    Read More
  • ALARM Survey: UK maintenance backlog continues despite funding boost
    March 23, 2016
    Highways departments in England and Wales have yet to feel the benefit of the UK government’s commitment to spend €7.6 billion (£6 billion) on local road maintenance between 2015 and 2021. In fact, overall road budgets have dropped by 16%, according to the annual Local Authority Road Maintenance (ALARM) survey of highway bosses in England and Wales, conducted by the Asphalt Industry Alliance. This is reflected in the increase in average budget shortfalls – the difference between the money needed to ma
    Read More
  • Germany boosts transport infrastructure spending
    May 14, 2012
    The German government intends to increase spending on transport infrastructure compared to 2008 when €9.1 billion was invested. However, Germany’s road transport lobby group, Pro Mobilität, says that the planned investment in roads will still be too low. It estimates that in 2011 less than €10 billion will be spent on transport infrastructure, including €4.8 billion on roads, which is not sufficient for all projects planned.
    Read More
  • European electric vehicle charging network
    December 17, 2014
    A new co-funded European project will provide fast-charging facilities for electric vehicles along major routes across the EU. The Trans-European Transport Networks (TEN-T) project is named the European Long-distance Electric Clean Transport Road Infrastructure Corridor (ELECTRIC). The project will see the installation of a corridor of high-quality fast chargers along key European highways by the end of 2015. The project should boost electric vehicle uptake in the involved Member States and focus on interop
    Read More

Highlighted Content