SPENDING on the construction of motorways and fast main roads for 2005 will increase by 82 percent year-on-year to a total of Sk18.1 billion (€449 million), according to the draft state budget published by Slovakia's Finance Ministry, news wire TASR wrote.
Of this figure, Sk7.8 billion (€193 million) will come from the state budget, Sk4.8 billion (€119 million) from the European Union, and the rest from the new state-run motorway operator Dialničná.
Dialničná will have at its disposal the revenues from motorway stickers, estimated at Sk1.5 billion (€37.2 million) for the year, as well as a loan of Sk4 billion (€99 million).
For 2006 and 2007, the Ministry proposes to increase funding for road construction to Sk19.5 billion (€484 million) and Sk20.8 billion (€516 million) respectively.
The draft budget also proposes to increase funding of the state-run railway company ZSR for its subsidised services, from Sk6.63 billion (€164 million) this year to Sk8.1 billion (€201 million) by 2007.
Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
18. Aug 2004 at 10:20