A new report from the Australian Financial Press has found that the German government is investing $3 billion into private investment in roads, bridges and rail in the country.
The new infrastructure spending is part of a $5.5 billion plan to fund infrastructure spending and create jobs, with $2.4 billion to be spent on roads and $1.8 billion to support rail projects.
The report comes after Germany was one of the world’s fastest growing economies in 2015.
The German government said in a statement on Thursday that it had set aside an additional $2 billion for infrastructure investment over the next two years.
“It is the country’s largest infrastructure investment programme in decades,” the statement said.
The new investment is expected to be used to build the first stretch of the high-speed rail line between Munich and the German city of Würzburg.
It will connect the two cities.
The government also plans to spend $1 billion on the development of a road network in Bavaria, and a further $3.3 billion on bridges and other infrastructure projects.