Although beset by budget problems, the German government approved plans on July 15 to invest $340 billion in transportation infrastructure over the next 18 years. An initial $150 billion "urgent" package to build 2,000 miles of high-speed rail track, 1,500 miles of new Autobahns, and bypasses around towns and villages is expected to launch a nationwide civil engineering and construction bonanza.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE