Modernization: Ten percent of the special fund for infrastructure has been used up
The funds from the government's multi-billion euro credit pot initially flowed in very slowly. But now investments are being made, says the finance minister.
Almost a year after its launch, 10% of the 500 billion euro special fund for infrastructure and climate protection investments in Germany has been spent, with 51.1 billion euros disbursed by the end of July. The fund, which is financed through debt, aims to modernize the country over 12 years. The investments are intended to address bottlenecks in transportation and energy infrastructure, education, digitalization, and housing construction.
Finance Minister Lars Klingbeil stated that the fund is being used for various projects, including rail lines, hospitals, schools, and waterworks.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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