Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Highway construction delayed

THE DEADLINES for the private-public partnership (PPP) highway construction projects have had to be delayed by five to nine months due to the global financial downturn Transport Minister Ľubomír Vážny said at a press conference on April 27, the TASR newswire reported.

THE DEADLINES for the private-public partnership (PPP) highway construction projects have had to be delayed by five to nine months due to the global financial downturn Transport Minister Ľubomír Vážny said at a press conference on April 27, the TASR newswire reported.

“The crisis has caused certain problems but the positive thing is that, unlike neighbouring countries, we’ve got the PPP projects to the final phase,” Vážny said, adding that the ministry could not have predicted the emergence of the crisis in late 2008. He also explained that due to a lack of liquidity in the banking sector additional discussions had to be held with the winning bidders.

The second PPP package to construct the R1 dual carriageway has good prospects of assembling the needed finances by June 2009 which would allow the construction to be launched in July 2009. On the other hand, the process in the D1 highway construction in the first PPP package has been slowed, said Vážny, as reported by TASR. The winner of the third package tender is expected to be announced in June.

The European Bank for Reconstruction and Development (EBRD) does not see any problem that would prevent it from co-financing the roads' construction in Slovakia via PPP projects, said Francois Lecavalier, the EBRD director for Slovakia, the Czech Republic, Hungary and Slovenia, TASR reported.

Top stories

Suspicious "rural entrepreneurs" involved with Smer emerge in Nitra

Successful businesspeople from the village of Babindol who have received subsidies from EU funds worth millions have connections to the ruling Smer party.

Competition in goulash cooking Guláš CUP 2015 in Babindol: Police President Tibor Gašpar(L), ex-minister of Agriculture Ľubomír Jahnátek (R) and Labour Minister Ján Richter (2L).

Slovak mixed relay was withdrawn from competition Photo

Paulína Fialková botched the shooting, thus thwarting the hopes of the Slovak Olympic mixed team of biathletes.

L-R Kuzmina and Fialková in the failed Slovak race.

Blog: Government Affairs in Slovakia – how did this profession develop and what is its future?

It is encouraging that more and more companies based in Slovakia are starting to realize that it is also possible to shape EU policies from a small country like Slovakia and use the services of government affairs…

Illustrative stock photo

Slovak ice hockey team goes home Photo

The United States defeated their rivals from Slovakia for the second time, ending their performance at the Olympics.