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Saxony to Convene Investment Summit for €4 Billion Federal Special Fund

Petra Köpping says the summit will ensure the federal funds produce visible improvements across Saxony’s infrastructure.

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Overview

  • Saxony will receive more than €4 billion from the federal special investment fund over the next ten years, averaging roughly €400 million per year.
  • Vice-Minister-President Petra Köpping formally proposed a statewide investment summit to align municipalities, businesses and unions on fund allocation and prevent implementation friction.
  • Köpping said the funding must deliver visible improvements in transport infrastructure, digital networks, hospitals and schools.
  • Finance Minister Christian Piwarz described the June-approved €50.2 billion budget as a "Übergangshaushalt" designed to buy time for deeper fiscal consolidation.
  • The CDUSPD minority coalition remains dependent on votes from the Green and Left parties to pass its financial plans through the Saxon state parliament.