Berlin Senate Approves 2028 Investment Plan with Major Budget Cuts

The new plan reduces funding for climate, transportation, and public projects while addressing rising costs through alternative financing.

The Berlin Senate has finalized its investment plan for 2024-2028, increasing total investments but cutting funds for several key projects due to budget constraints.
Funding for climate initiatives, including the Berlin Energy and Climate Protection Program, will drop significantly, with cuts reducing its budget from €24.5 million to €7 million.
Transportation projects face steep reductions, including halving funds for public transit expansion and drastically cutting the budget for bike lane development from €6.5 million to €500,000.
Alternative financing models, such as credit-based funding, will be used to continue projects like the Komische Oper renovation and other public infrastructure developments.
Critics have labeled the cuts to climate and transportation budgets as detrimental, while officials cite rising construction costs and economic uncertainty as driving factors.