Germany: VIFG to take over planning and construction of motorways

German transport infrastructure financing company VIFG, which is 100% owned by the German federal government, is to take over the planning and construction of motorways. According to the official website of the VIFG, planning and construction is done mostly be state governments. The VIFG has promised more transparency of road contracts.
October 31, 2016 Read time: 1 min
German transport infrastructure financing company VIFG, which is 100% owned by the German federal government, is to take over the planning and construction of motorways.

According to the official website of the VIFG, planning and construction is done mostly be state governments.

The VIFG has promised more transparency of road contracts.

Finance & Funding

Related Content

  • Road construction stimulus for Australia
    July 8, 2020
    A road construction stimulus package is planned for Australia.
    Read More
  • Implementation of road building projects in Russia’s Moscow may be significantly delayed
    May 15, 2014
    Implementation of some large-scale investment projects for road building in Russia’s capital Moscow may be significantly delayed A series of major documentation issues are the cause of the problem. These have delayed projects for up to nine tenders on the total sum of US$2.6 billion (95 billion rubles), with anomalies having been found by the Russian Federal Anti-Monopoly Service.
    Read More
  • Ferry operators sink the financing plan for Fehmarn Belt link
    December 17, 2018
    The Court of Justice of the European Union has said Denmark’s state grant aid to the proposed Fehmarn Belt link is illegal under EU rules. The court noted that the European Commission approved the Fehmarn project’s financing – total cost likely around the €8.7 billion - in July 2015 without a formal procedure. Denmark is completely responsible for financing the project that will replace a ferry service. Part of the funds were to come through the European Union and its Connecting Europe Facility for tr
    Read More
  • Ohio increases bridge maintenance programme
    November 8, 2013
    The US state of Ohio plans to invest US$120 million in repairing and replacing over 200 county and city-owned bridges over the next three years. The funds are being made available through the state’s efforts at overhauling highway funding by reducing overhead costs and improving efficiency at the Ohio Department of Transportation (ODOT). Work is expected to begin on the first 40 bridges next year. ODOT will work with local officials to identify the remaining bridges to repair or replace in the following yea
    Read More

Highlighted Content