German government to ramp up investment to 110 bln eur this year, minister says

BERLIN, May 27 (Reuters) - Germany will ramp up public investment to 110 billion euros ($125 billion) this year, Finance Minister Lars Klingbeil said on Tuesday.

"At the same time, we will implement comprehensive structural reforms and continue to strictly consolidate the budget," he said in an emailed statement.

Germany's new coalition government plans a surge in public spending on defence and infrastructure, hoping to close gaps in long-neglected areas of investment while hauling the economy out of a two-year downturn.

($1 = 0.8811 euros)