Germany’s Federal Ministry of Transport and Digital Infrastructure (Bundesministerium fur Verkehr und Digitale Infrastruktur, BMVI) has unveiled a strategy plan to invest EUR100 billion (USD106.7 billion) in the deployment of a high-performance national broadband network by 2025. Federal Minister Alexander Dobrindt revealed that the infrastructure will bring together advance technologies, including fibre and the 5G mobile standard, to create a national Gigabit-capable network to support surging data demands from applications such as virtual reality and Internet of Things (IoT). The project will be led by Netzallianz Digitales Deutschland, a public-private consortium comprising the government and telecoms operators founded in March 2014 to cooperate on the promotion of broadband expansion in Germany. Since its establishment, 75.5% of German households are now able access to internet speeds of at least 50Mbps. According to local IT news site Golem, the government will contribute EUR20 billion towards the new network, with the remainder coming from the industry.