BUSINESS BRIEFS

Košická Bridge to cost Sk4.3 billion

THE COST of building the new Košická Bridge in Bratislava will increase by Sk679 million (€16.9 million) to Sk4.3 billion (€107 million), Ladislav Csáder, head of Metro, the projects's investor, told the news wire TASR.

Citing an updated bridge-budgeting study, Csáder said that the new price tag was a result of the higher VAT rate (Sk278m) and inflation on construction materials (Sk401m).

The project is funded 50 percent by a loan from the European Investment Bank and 50 percent by the state.

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