Mott MacDonald becomes highway strategy advisor

THE LONDON-based company Mott MacDonald became the winner of a tender to be the strategy adviser in the search for a private investor for highway construction, the news wire SITA wrote.

Slovak Roads Administration (SSC) spokesman Juraj Fuerst said the administration had signed the contract with the company last week.

The selection commission deciding on the advisor chose Mott MacDonald as the winner of the tender in January.

Mott MacDonald will advise the SSC such that as many private investors as possible will show interest in financing highway construction. It will assist the Transport Ministry and the SSC in choosing the most advantageous model for construction that will also satisfy concession holders.

In addition, the adviser will secure sufficient capital from private investors, and help select highway sections for construction with the help of private capital. Remuneration for advisory services will be published only after the contract is signed.

Private investors could invest from Sk80 billion to Sk100 billion (€2 billion to 2.5 billion) in highway construction in Slovakia, which would be returned to them within a few years.

These investments would be paid from tolls on highways and selected upgraded roads. Revenues from tax on mineral oils are also being considered as a source of repayment.

According to the SSC, the adviser will begin to draft specifications for optimal investors several months after signing the contract. Highway construction could start in the second half of 2005.

Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

News digest: The Gale targets corruption, cabinet officially prolongs curfew

Slovakia learned about biggest corporate taxpayers, the president signed laws changing the minimum wage and 13th pensions. Read the latest news overview.

Mobile testing units were built in the Hviezdoslavovo Square in Bratislava.

The big testing: When and where to show up, and what if I don't want to? (FAQ)

Here is what we know about the practicalities of the nationwide testing so far. Testing also applies to foreigners and diplomats in Slovakia.

Pilot testing in Bardejov

Storm transforms into Gale. More judges and an influential businessman detained

The police raid related to corruption in Bratislava courts.

Businessman Zoroslav Kollár (l) was brought to NAKA.