3rd PPP motorway project package is delayed says Transport Minister

The conclusion of the third public-private partnership (PPP) package for motorway construction has been delayed by around one month, Transport Minister Ľubomír Vážny announced after an extraordinary government session on November 9, the TASR newswire reported.

The conclusion of the third public-private partnership (PPP) package for motorway construction has been delayed by around one month, Transport Minister Ľubomír Vážny announced after an extraordinary government session on November 9, the TASR newswire reported.

“The delay is due to the fact that the European Investment Bank has requested further explanations and the submission of additional documents,” the minister told TASR. Vážny said the contract is expected to be signed in mid-December.

“The signing of the contract and its submission to the government is conditioned by the participation of the EIB, as the whole financial portfolio of the process will change if the bank doesn't take part,” said Vážny, adding that the EIB may provide around €1 billion.

Apart from the EIB, it is also expected that commercial banks will join the project. He noted that these banks aren't the same ones that are taking part in the first package. The third package includes the following D1 motorway sections: Hričovské Podhradie-Lietavská Lúčka, Lietavská Lúčka-Višňové, Višňové-Dubná Skala, and the motorway feeder Lietavská Lúčka-Žilina, all in the Žilina region.

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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