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Slovakia eligible for €530 million in EU funds for transport projects

SLOVAKIA is eligible to draw around €530 million from EU funds to cover transport infrastructure projects until the end of 2006, a document on the use of EU funds in the transport sector says. The funds were intended for the period from 2004-2006.

Of the sum, nearly €255 million comes from the Cohesion Fund and nearly €275 million from the European Regional Development Fund.

As of the end of June last year, €4.718 billion had been drawn for transport projects, with €4.361 billion spent on the D1 Viedenská Cesta-Prístavný Most highway in Bratislava and on the modernization of the Bratislava Rača-Šenkvice, Šenkvice-Cífer and Trnava-Piešťany railway corridors.

With European Union aid, Slovakia should modernize around 88km of railway track and 86km of traction lines. The Transport Ministry plans to use the EU funds to build 50 kilometres of freeways, 30 kilometres of first category roads, 4km of second category roads and 14km of third category roads.

Compiled by Beata Balogová from press reports
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