Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Third PPP agreement to be inked soon

THE CONCESSION agreement for the last, third public-private partnership (PPP) project for construction and operation of the D1 highway stretch between Žilina and Martin should be signed around mid December, the SITA newswire reported.

THE CONCESSION agreement for the last, third public-private partnership (PPP) project for construction and operation of the D1 highway stretch between Žilina and Martin should be signed around mid December, the SITA newswire reported.

However, the draft concession agreement must be approved first by the cabinet. The cabinet’s approval is conditioned on the participation of the European Investment Bank (EIB) in funding the project. After the concession agreement is approved by the cabinet and signed, preparatory works will be launched.

Funding of the third highway project from private funds could be secured in the first half of 2010. The participation of the EIB is expected to be around €1 billion.

“We are holding talks with the EIB, which presented additional requirements for its involvement in this process, which is why it has been prolonged by two to three weeks,” said Transport Minister Ľubomír Vážny, as quoted by SITA.


Top stories

Governmental campaign should bring Slovaks home from the UK

The Slovak cabinet plans to persuade its expats living and working in the UK with at least a bachelor degree to return home: a campaign offering specific jobs should help.

Young researchers, IT experts and medical staffers are needed in Slovakia, illustrative stock photo.

EU lawyers claiming the Russian annexation of Crimea as legal is a hoax

One lawyer does not mean all EU lawyers; immigrants attacking a shepherd dog and HAARP causing hurricanes in the US are hoaxes, too.

Hoax on immigrants attackign two German shepdherds and ebing bitten yb them

Co-founder and co-owner of Sme daily dies

A major Slovak entrepreneur, Peter Vajda, died in Prague on October 15. He was exceptional for his innate sense of democracy and believing in equal opportunities for all.

Peter Vajda

Germans in Slovakia preserve their culture

The German minority is aging, and despite efforts, not many young descendants affiliate themselves with their origins.

Hauerlandfest is one of the bigger regional events.