Germany to boost infrastructure spending

Germany’s Government intends to boost transportation infrastructure spending, with the majority of funds going towards roads. An increase of €1 billion will be targeted at transport with some 60% of that budget being used for improvements to the country’s road network. In contracts some 30% will be for port, canal and general shipping infrastructure with a mere 10% for rail investment. The German Government has also granted approval for work to the next stretch of the A44 autobahn. The new 7km link will run from Kassel to Herleshausen and will cost €224 million, while the entire A44 autobahn will stretch 64km and cost €1.3 billion.