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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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