Ulm needs millions for local transport: Stadtwerke and housing company urgently dependent on help!

Ulm needs millions for local transport: Stadtwerke and housing company urgently dependent on help!

The city of Ulm is faced with a financial turn: For the first time, the Ulm Stadtwerke (SWU) and the Ulm Housing Society (UWS) rely on financial support in order to implement their high investment plans. According to the budget consultations, financial mayor Martin Bendel informed that the two municipal companies will need a total of 240 million euros from the city over the next ten years. Of this, 190 million are on the SWU to drive important projects in the areas of housing and mobility, while the UWS are striving for 50 million euros to strengthen its equity and to secure the switch to sustainable energy sources. This situation shows how urgently the financial challenges are that the municipal companies have to tackle in order to remain sustainable, reported swp.de .

investment impulses through urban development funding

In addition, a current study suggests that urban development can be a crucial engine for investments. Subsequent funds worth 6.9 million euros are generated for each invested euro from this funding, which makes the initiative particularly attractive. This state support not only helps nationwide the creation of lively and sustainable habitats, but also promotes climate -relevant measures. A total of 30 percent of the measures funded are considered to be climate -relevant, which underlines the importance of the topic. According to this study, which was created for the Federal Institute for Building, Urban and Spatial Research (BBSR), there are small and medium-sized companies from the construction industry that benefit greatly from the investments, reported haufe.de .

These developments not only result in large sums of funding, but also mean a significant strengthening of the local economy and represent an important step towards more sustainable urban development. The combination of municipal investment needs and the positive effects of urban development opens up new perspectives for both the city administration and for the citizens of Ulms.