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German Policy Takes Toll on Public Works
Keywords:
The closure of the Kiel Canal in March 2013, because of of dilapidated and old locks, has focussed attention on Germany's neglect of infrastructure. German investment in infrastructure each year is less than the depreciation for the infrastructure. About 100 billion euros in backlog for infrastructure spending exists at German municipalities, according to KfW bank. And the investment of $39.5 billion euros in infrastructure spending for 2012 was down 9.5% from 2011. The government has restricted itself to high profile projects such as renovation of Stuttgart rail station, neglecting schools, roads and bridges.
The $100 billion backlog for infrastructure spending at Germany's municipalities in 2013
03/15/2013
Germany's need to invest in new infrastructure and repair old infrastructure. Like the U.S. Germany faces a large backlog of infrastructure spending needs in 2013. Tight budgets have limited the spending even as neglected infrastructure falls into a state of acute disrepair. A situation seen in other European countries such as Italy.
Grouped Articles
German Policy Takes Toll on Public Works
Wall Street Journal 03/15/2013
European Finance Ministers Support Investment Program
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Germany’s flagging economy: Build some bridges and roads, Mrs Merkel
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Germany and years of underinvestment in infrastructure
06/06/2012
Germany's municipalities have a backlog of infrastructure spending needs of about 100 billion euros, according to KfW bank. Germany spends far less on infrastructure than the U.S., UK, Spain and other countries. Infrastructure spending is less than what is needed to take care of depreciation, much less than what is needed to rebuild it. Schools, bridges, roads have been neglected as Germany has focussed on exports. Infrastructure spending at 39.5 billion euros in 2012 was down by 9.5% from 2011 in inflation adjusted terms for Germany.
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Euro-Zone Inflation Returns to Record Low
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Germany Considers Subsidies for Non-State Child Care
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Germany’s flagging economy: Build some bridges and roads, Mrs Merkel
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Neglect of vital infrastructure needs in Germany and the U.S. 2006-2015
03/15/2013
A decade of neglected infrastructure needs in Germany and the U.S. as both countries face tight budget constraints and postponed priorities.
Linked Articles
A Slowdown on the Road to Recovery
Wall Street Journal 10/14/2013
German Policy Takes Toll on Public Works
Wall Street Journal 03/15/2013
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