Wiesbaden (dpa/lhe) – For new schools, road renovations or modern sports facilities: This year, the municipalities will receive more than 240 million euros in loans from the Hessian investment fund to further improve the local infrastructure. As the Ministry of Finance announced in Wiesbaden on Tuesday, the money will go to 107 projects across the country.
“By far the largest part of the investments – more than 135 million euros – is earmarked for schools. Around 34 and 15 million euros respectively are planned for sports and youth facilities,” explained Finance Minister Michael Boddenberg. Other focal points are road construction (16 million euros) and administrative buildings including fire station equipment (15 million euros).
Around 187 million euros will be allocated to southern Hesse (government district of Darmstadt) this year, to central Hesse (government district of Gießen) 18 million euros and to north Hesse (government district of Kassel) 36 million euros. The city of Frankfurt will be the biggest beneficiary in 2022: it will receive more than 58 million euros and thus almost a quarter of the entire quota applied for.
Through the Hessian Investment Fund, the municipalities are offered various favorable loan forms via the Hessen Economic and Infrastructure Bank. In the past 20 years, the fund has provided more than 2,700 loans with a total volume of more than 2.7 billion euros, explained Boddenberg.
