The Dutch government has revealed a new policy to safeguard funding for the country’s infrastructure.
The Infrastructure Fund, which covers funding for roads, railways, regional transport, waterways and the management and maintenance of Dutch infrastructure, will be automatically extended every year.
This annual extension also applies to the Delta Fund, through which investments in flood risk management and water management are funded.
The agreements follow on from the cabinet decision made this spring to extend the Infrastructure Fund in the 2017 budget by two years – from 2028 to 2030.
“The Netherlands has excellent infrastructure and this forms a firm foundation for the Dutch economy. To maintain our position as a global leader, in the distant future too, we need to continue to invest in new infrastructure and in new forms of smart mobility,” said Dutch infrastructure and environment minister Schultz van Haegen.
“By allowing the fund to be extended automatically, we are ensuring that money will be made available every year. At the same time, our approach ensures greater flexibility so that we can respond better to new developments and innovations.”
In 2017, the government plans to set aside €5.9bn (£5.1bn) for new infrastructure and the management and maintenance of roads, railways and waterways. In addition, €905M (£785M) is expected to be made available in 2017 through the Delta Fund.