Deadline for securing PPP finances for D1 motorway has expired, Transport Minister says

Transport Minister Ján Figeľ said that he is not extending the deadline for obtaining finances for the so-called first public private partnership (PPP) package, originally designed to be used to construct sections of the D1 motorway, the TASR newswire reported. "We didn't see the signing of the contract even by August 30, so it expired. I decided not to extend this process anymore, as the ministry has no guarantee that the first package will be financially covered," Figeľ said at a press conference on Thursday, September 2.

Transport Minister Ján Figeľ said that he is not extending the deadline for obtaining finances for the so-called first public private partnership (PPP) package, originally designed to be used to construct sections of the D1 motorway, the TASR newswire reported.

"We didn't see the signing of the contract even by August 30, so it expired. I decided not to extend this process anymore, as the ministry has no guarantee that the first package will be financially covered," Figeľ said at a press conference on Thursday, September 2.

He said that he wants highway construction work in Slovakia to continue, but in a responsible and transparent way. "We have resources at our disposal, be it from European funds or the state budget," said Figeľ, adding that he is not worried about not receiving money for highway construction from the Finance Ministry.

Figeľ said as early as August 11 that there is a possibility of having the D1 construction financed by means other than a PPP project. The deadline for securing the finances for the first D1 package was postponed from the middle of April 2010 until late April, then to May 28. Following talks with the European Commission, the Transport Ministry later postponed the date to June 11 and then to the end of June. The final deadline was set at August 30, 2010.

Source: 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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