Slovakia advanced in using PPP projects

Slovakia has made big progress in using public-private partnership (PPP) projects and is catching up with neighbours like the Czech Republic and Hungary, according to participants at the 'PPP - Challenges and Recommendations' seminar organized in Košice on November 20.

Slovakia has made big progress in using public-private partnership (PPP) projects and is catching up with neighbours like the Czech Republic and Hungary, according to participants at the 'PPP - Challenges and Recommendations' seminar organized in Košice on November 20.

"Besides the highway projects completed under the Transport, Posts and Telecommunications Ministry, there are others, such as the Media Centre - a project prepared by the Culture Ministry - and some regional PPP projects. The Finance Ministry will soon support another interesting one," said Irma Chmelová, the general director of the Slovak Public Private Partnership Association.

The main advantages of PPP, according to Chmelová, are the private partner's acute interest in meeting the deadlines and providing adequate quality in the constructions, while the price of the work and service may be a disadvantage. The Finance Ministry is now preparing an analysis of laws which may complicate the realisation of PPP projects and it has also established a specific department dealing with PPP projects.

"We provide consultancy and financial help for chosen projects," said the department director Jana Kolesárová.

According to the participants of seminar, PPP projects are suitable not only for building highways, but also for projects in fields like education, health care, culture and public administration. TASR

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

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