TRANSPORT INFRASTRUCTURE FINANCING IN GERMANY

Abstract

Abstract. The article analyzes the mechanism of financing of transport infrastructure of Germany.
It has been found that the Federal Government has the primary responsibility for the development
of federal transportation infrastructure. The federal plans of transportation routes serves
as the basis for this development. It has been established that the strategic objective of the Government
in the development of these plans is to preserve the competitive advantage of the German
economy through the high level of transport infrastructure. Accordingly, investments in
support and service have the highest priority in the cost structure (65%).
It has been revealed that the inclusion of the project in the investment framework plan means
the recognizing of the importance of the project by the Federal Government and respectively the
priority in funding. Conversely, the projects which are not included in the investment framework
plan are not subject to financing in the planned period. The plan takes into account the
strategy of the Federal Government to increase the share of rail transport in freight and passenger
transportation.
It has been found that the plans are worked out by the Federal Ministry of Transport and
Urban Development and approved by the Federal Government. The approved plan includes all
projects for all means of transport and takes also into account planning activities that are not
considered as the responsibility of the Federal Government, such as the expansion of ports, airports
and terminals.
In general, the plan is based on forecasts of freight and passenger traffic for the given period
of time. It is considered as a framework program and has no force of law or a financial plan
(forming guideline recommendations).
Key words: regulation of the economy, federal government economic policy of Germany,
the transport infrastructure of Germany, the Federal Government of Germany, Investment
Framework Plan.