Germany to invest in inland waterway infrastructure; likely to support steel shipments

The German federal government is planning to invest “billions of euros” to improve inland waterway transport in a move welcomed by German steel federation WV Stahl.

"It is a real step [forward] for the federal government to focus on strengthening inland waterway vessel transport," WV Stahl president Hans Jürgen Kerkhoff said on Monday May 20, noting that around one-fifth of the transport volumes on German waterways are related to the steel industry. Germany’s federal transport minister Andreas Scheuer aims to increase the transportation capacity of German inland waterways. “Self-propelled barges with a capacity of 3,000 tonnes can replace up to 150 heavy goods [road] vehicles. There is huge potential here and we want to make...

Published

Viral Shah

May 20, 2019

16:00 GMT

London