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

  • Paying for road development
    April 21, 2016
    All around the world, road expansion and maintenance is both necessary and ongoing. In the developed nations the focus is more on road maintenance and widening, while developing nations are concentrating on new road construction. Road networks are crucial to economic development as well as political stability, which often go hand in hand. The massive growth in the US economy from the 1950s onwards was boosted strongly by the development of the country’s interstate network. But in recent times, funding
    Read More
  • Wacker Neuson is reporting strong half year results
    August 6, 2019
    Wacker Neuson is reporting strong financial performance for the first half of 2019. The firm says that it continued on its growth path, with revenue climbing 15.2% compared with the same period in the previous year. Revenue hit €950.7 million compared with €825.1 million for the first half of 2019. “The first half of the year showed us once again that our solutions meet the needs of our customers,” explained Martin Lehner, CEO of Wacker Neuson SE. “We gained shares in numerous markets, driven largely by our
    Read More
  • French Q1 sales of equipment hit record levels
    May 22, 2019
    Sales of construction equipment in France are at the highest levels ever observed in the country, according to CISMA, the French trade association. In the first quarter of 2019 six new records were set. Compared with Q1 2018, the market is up 10%. This performance can be explained by the rise in sales to rental companies of nearly 13%, notes CISMA. The mobile elevating work platform sales reached a peak of 3,545 units in the quarter – highest ever, beating the previously best years of 2000-2001 an
    Read More
  • The drive for safer roads around the world
    October 1, 2019
    The world’s roads are dangerous places. Around 1.35 million/year are killed in road crashes, according to data collated by the World Health Organization (WHO). Just 28 countries are rated as having adequate laws covering the five biggest risk factors in crashes according to WHO: speed; DUI; helmets; seat belts; child restraints. Europe has the world’s safest roads, with the lowest level of road casualties/year. Around 9.2 people/100,000 of population are killed on Europe’s roads/year on average. Africa m
    Read More

Highlighted Content