The total value of this ambitious project will amount to around 2.7 billion euros, with the federal government contributing 1.4 billion euros and the state governments contributing 1.3 billion euros.

In an interview with FAZ, Federal Minister of Transport and Digital Infrastructure Alexander Dobrindt said the goal of this project is that by 2018, Internet connection will cover the whole of Germany with a minimum speed of 50 Megabits/second.

Meanwhile, assessing this project, Director of the German Institute for Economic Research (DIW) Marcel Fratzscher said that building a high-speed Internet network in Germany is extremely urgent, in the context that Germany's digital infrastructure has not yet kept up with the world's development speed.

Mr. Fratzscher also said that the government needs to pay attention to protecting competitiveness in the digital infrastructure sector, especially clearly defining which areas the government needs to support with capital and which areas to allow private investors to participate.

Earlier this week, the German federal government also announced that telecommunications group Deutsche Telekom will hold a monopoly in exploiting the high-speed Internet connection market using Vectoring technology.

Specifically, in the agreement signed between the Federal Network Infrastructure Agency (BNA) and Deutsche Telekom, this telecommunications company committed to providing high-speed connection services to 80% of households using the network in Germany with a minimum connection speed of 50 Megabits per second./.

According to VN+