Transport Ministry drafts alternative to PPP highway projects

The Transport Ministry has prepared an alternative plan for highway construction in Slovakia, financed directly from state coffers, in case of a failure of three public-private partnership (PPP) projects which are currently being tendered to build stretches of the D1 highway and R1 dual carriageway.

The Transport Ministry has prepared an alternative plan for highway construction in Slovakia, financed directly from state coffers, in case of a failure of three public-private partnership (PPP) projects which are currently being tendered to build stretches of the D1 highway and R1 dual carriageway.

However, the alternative solution would mean a five- to eight-month delay due to preparation of new public procurement processes and a change to the Operational Transport Programme.

The Transport Ministry has thus recommended that the Finance Ministry prepares a noncommittal alternative solution for funding the D1 and R1 projects directly from the state budget. The alternative plan would require roughly €232.36 million for 2009 and approximately €829.85 million for 2010.

The existing budget does not account for this money. The Transport Ministry proposes to implement the alternative plan for highway construction out of the state budget only in the event of an actual failure of the PPP projects because of a lack of commercial finance. In the case of the second R1 package this would be in around February this year and in the case of the first and third packages for D1 in March and May, respectively. The Transport Ministry says it is carefully monitoring developments on the financial markets and among the participants in tenders for PPP projects in Slovakia. Bidders for the D1 projects are now requesting considerably more time to prepare financing. SITA

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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