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

  • Sobratema predicts $6 billion-a-year spend on construction equipment
    April 18, 2013
    More than US$ 800 billion of major infrastructure investment projects will drive increasingly high levels of demand for the global construction equipment supply sector in Brazil over the next five years, according to a new report from Sobratema, the Brazilian association of technology for construction and mining. The entire chain of supplies and services will benefit from a massive Brazilian road-building and social housing construction boom as the country gears up to host the 2014 soccer world cup and the
    Read More
  • Sobratema predicts $6 billion-a-year spend on construction equipment
    January 6, 2017
    More than US$ 800 billion of major infrastructure investment projects will drive increasingly high levels of demand for the global construction equipment supply sector in Brazil over the next five years, according to a new report from Sobratema, the Brazilian association of technology for construction and mining. The entire chain of supplies and services will benefit from a massive Brazilian road-building and social housing construction boom as the country gears up to host the 2014 soccer world cup and the
    Read More
  • Sobratema predicts $6 billion-a-year spend on construction equipment
    April 18, 2013
    More than US$ 800 billion of major infrastructure investment projects will drive increasingly high levels of demand for the global construction equipment supply sector in Brazil over the next five years, according to a new report from Sobratema, the Brazilian association of technology for construction and mining. The entire chain of supplies and services will benefit from a massive Brazilian road-building and social housing construction boom as the country gears up to host the 2014 soccer world cup and the
    Read More
  • UK machine parts exports and imports
    March 1, 2017
    The Construction Equipment Association (CEA) reports improvements in UK exports and imports of components and parts for construction and earthmoving machines. According to the CEA report, exports of components and parts showed modest improvements in the fourth quarter of 2016 compared with the third quarter,. This shows a 1.5% increase in weight (tonnes) terms, and an 11.3% increase in value terms.
    Read More

Highlighted Content