D.he future traffic light alliance in the Bundestag wants to achieve a faster implementation of central traffic projects in the Rhine-Main area. In the coalition agreement published on Wednesday, the Frankfurt railway junction and the high-speed line to Fulda are listed among those projects that are to be accelerated, possibly by taking over the regional planning procedure by the federal government. The Suedlink power line planned across Germany, which partly runs through Hesse, is to be built faster than previously foreseeable due to the acceleration of the planning processes.
Regarding air traffic, the coalition agreement states that, as part of an air traffic concept called “2030+”, the rail connection of the hubs, of which Frankfurt Airport is the largest in Germany, is to be promoted and the number of short-haul flights reduced.
With a view to the consequences of the pandemic, which has hit airport operators and airlines in particular, the coalition does not want to consider an increase in the air traffic tax until after 2023. A lot of space is given to plans on the topic of finance.
Strengthen competitiveness
From the point of view of Frankfurt as the most important financial center in the European Union, the announcement that the European banking union will be completed and the competitiveness of German and European institutions should be important.
The plans to make Germany the leading location for sustainable financing should be explicitly about the Frankfurt financial center. Frankfurt had recently endeavored to increase its importance in this field. The establishment of parts of the new committee, which is supposed to set standards for sustainability reporting worldwide, is considered a success.
In addition, the new government wants to seek “an effective and independent EU money laundering authority as proposed by the European Commission” and ensure that its seat is in Frankfurt.
The announcement that Germany is to become one of the leading locations in Europe for financial start-ups (Fintechs) and insurance companies (Insurtechs) should also be important for the banking location. The aim is to ensure effective and rapid approval procedures for fintechs.
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