Investments and Financing
In 2005 investments stood at 7.8 billion euros, including 5.5 billion euros for sanitation and 2.3 billion euros for water supply. Financing is predominantly through debt and ultimately through user fees. Commercial debt is issued directly by the municipalities in the form of municipal bonds (Kommunalanleihen) or by utilities. The development Bank KfW also provides long-term credit for up to 30 years (Kommunalkredit) for municipal investments, including water supply and sanitation.
According to the professional associations of the sector there is no investment backlog (Investitionsstau).
Read more about this topic: Water Supply And Sanitation In Germany
Famous quotes containing the words investments and and/or investments:
“In youth, love and art. In age, investments and antiques.”
—Mason Cooley (b. 1927)
“In youth, love and art. In age, investments and antiques.”
—Mason Cooley (b. 1927)