GERMANY: The federal government plans to invest €106.5bn in railway infrastructure by 2029, more than the total expenditure on all transport infrastructure in the previous five-year period.
Announced on June 24, the funding is to be used primarily for asset renovation and renewal. A further €51.9bn is to be spent on roads and €7.6bn on waterways, to give a total infrastructure investment allocation of €166bn. This compares to the equivalent funding stream in 2020-24, which amounted to €102bn.
Germany changed its constitution in March, allowing it to raise up to €500bn through extra borrowing to fund defence, climate protection and infrastructure measures.
Drafted by Roscongress Foundation and ITI Research Centre for the 2024 Eastern Economic Forum, this report focuses on the key factors of success in terms of interstate integration, as well as the development prospects for the global trade and logistics sectors in relation to BRICS.
Cargo traffic along the Eurasian rail route within the China-Europe-China segment totalled 189 thousand TEUs during the first half of 2024, up 66% compared to the same period in 2023.
