The prudent thing would be to set aside and invest a tiny bit of money every year to fund a replacement, but unfortunately modern economic theory ("run lean") and manufactured income crises (aka, politicians going for lower taxes and utility rates) have led to a lot of infrastructure being utterly dilapidated and no savings left, and now we need to invest untold billions of euros raised from debt to keep it running.
Unfortunately, a lot of the deciders are already dead, and for those that still live, it's fallen out of favor to hold them accountable.