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.
Interview with PBC General Director Natalia Porokhova
The Eurasian landbridge has contributed to increased sustainable connectivity between the EU and China during the decade of the 2010s. Felicitously, this market-driven development preceded, and also complemented, major foreign economic policy announcements by China and the EU and reinforces their goal of increased connectivity. The resulting connectivity is likely to survive any bilateral political debacles because the economic foundation is strong
