NEWS

Financial Closing of the First Slovak PPP Contract delayed in 18 Days

The deadline for completing financial issues concerning the construction of selected stretches of the D1 motorway via public-private partnership (PPP) projects has been put back by 18 days, Transport Minster Lubomir Vazny said on Friday. "I've agreed to extending the deadline for completing the financial aspects of the D1 motorway project to May 18, 2010. I made the decision after the funding was approved by the European Bank for Reconstruction and Development (EBRD) and after considering the fact that the approval of the D1's funding by 20 participating banks, including the European Investment Bank (EIB), is in its final stage," added Vazny.

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Highway PPP projects go on, despite complications

The weekly newspaper Slovak Spectator published on its website an article about PPPs in Slovakia. The article contains views and information of the Slovak PPP Association. Read more here:

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Highway to development

The new issue of The PPP Journal (Issue No. 66) published an article written by the Executive Director of the Slovak PPP Association about the current state of PPPs in Slovakia. Read more here:

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Slovakia’s third PPP highway contract was signed

Transportation Minister Lubomir Vazny signed a contract involving the third package of a public-private partnership (PPP) project for motorway construction on January 21. The winner, consisting of a consortium led by Hochtief, along with its partners Alpine Bau, FCC Construcción and Western Carpathians Motorway Investors Company, will now begin construction on four sections of the D1 highway between Žilina and Martin (Hričovské Podhradie-Lietavská Lúčka, Lietavská Lúčka-Višňové, Višňové-Dubná Skala, Lietavská Lúčka – Žilina) with an overall length of 24 kilometres. The construction works, estimated to cost €2bn, should last approximately four years.

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D4 could be built through PPP

One of the priorities of the Ministry of Transport in 2010 is to prepare the construction of the Bratislava bypass (part of the D4 highway). The Minister of Transport, Ľubomír Vážny, would like to accelerate the preparatory works due to the increasing traffic intensity in Bratislava. He believes that the bypass could be finished by 2017. If it would be conducted trough a public-private partnership, it could be finished a year and a half or even two years earlier, says the Minister. The future of the project will depend on the final opinion in the environmental impact assessment (EIA), which will be ready in the first half of 2010.

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Slovak Spectator about PPP projects

The weekly Slovak Spectator published an article about the state of the Slovak PPP projects, with a special focus on the effects of the financial crisis. Important questions are addressed by the Executive Director of the PPP Association. You can read the whole article at the following link.