"a third of which will be financed by the German government."
I'd ask why, but it'd be pointless. If the Germans want to feel perpetually guilty, that's their problem (unless I'm assuming too much and the Germans are paying because of outstanding debts to Israel or something).
It is not just Hitler, but also Saddam using WWII German type missles against Israel in the first Gulf War . So there is that quilt thing.
Germany may also want to support this democracy.
We also give lots of money and free stuff to Israel, too.
It is called the fruits of true repentance. I would think that repentance for Genocide would have to bear a lot of fruit.
Besides, the interest on a few hundred million dollar loan is a perk.