BSW Seeks Low-Interest Loans for Saxony's Municipalities

The BSW caucus in the Saxon State Parliament wants to support municipalities with low-interest loans. The party has submitted a motion to that effect to the state parliament. The funds are intended to enable cities and municipalities to invest in drinking water and wastewater networks, electricity distribution networks, and heat supply. The goal is a loan volume of at least one billion euros, the caucus announced.

Saxony Should Provide Interest Subsidies

The Free State should set aside a total of 200 million euros for interest subsidies over a period of ten years, it was stated. If municipalities take out these loans, they would not have to pay market-rate interest, but rather a reduced rate.

BSW Emphasizes the Importance of Proactive Infrastructure Planning

“Those who replace a water pipe today can save themselves from costly breakdowns tomorrow. Expanding the local power grid creates space for more charging stations and for electricity from renewable energy sources. Such investments must not be put on hold because financing is too expensive,” explained Bernd Rudolph, spokesperson for local government policy for the BSW parliamentary group.