Sulík: Construction costs for D1 motorway will be halved

Construction costs for the section of the D1 motorway between Hričovské Podhradie and Dubná Skala (both in Žilina Region) will be lowered by almost half, Freedom and Solidarity (SaS) chairman Richard Sulík said at a press conference on Wednesday, December 15. If the third package of the D1 had been carried out via a public-private partnership (PPP) project, it would have cost €6.78 billion over 30 years. However, the approach proposed by SaS and passed by the Coalition Council on December 13 will save more than €3 billion, Sulík said, as quoted by the TASR newswire.

Construction costs for the section of the D1 motorway between Hričovské Podhradie and Dubná Skala (both in Žilina Region) will be lowered by almost half, Freedom and Solidarity (SaS) chairman Richard Sulík said at a press conference on Wednesday, December 15. If the third package of the D1 had been carried out via a public-private partnership (PPP) project, it would have cost €6.78 billion over 30 years. However, the approach proposed by SaS and passed by the Coalition Council on December 13 will save more than €3 billion, Sulík said, as quoted by the TASR newswire.

According to him, investment costs will go down from €1.62 billion to €1.3 billion. Furthermore, planned expenditures on insurance amounting to €200 million will be cancelled and the operating costs will be cheaper as well. Also, expenditures on interest payments will drop from €3.9 billion to €1.7 billion due to the significantly lower rate (5 percent) at which the state can borrow money compared to a concessionaire (9 percent). The 29.9-km long D1 section will be divided into four smaller parts with the Višňové tunnel as the first project, due for completion in 2016. Later, other sections will be built. In line with the coalition agreement, the project is to be financed primarily from European funds, with final consent still required from the European Commission.

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.

Get daily Slovak news directly to your inbox

Top stories

News digest: Minister adjusts vaccine expectations, mass testing decision still in the balance

Police investigate reported surveillance of journalist. Wolf will be protected all year long.

Mass testing for the coronavirus in the Nitra Synagogue.

Roundup: Fairytale app that makes children read

An award-winning design by a Slovak architect and a trip to Zádielska dolina valley. Here’s your latest roundup.

A man wearing a face covering sits in an armchair on the snow-covered Main Street in Košice on January 13, 2021.

More tips for outings in Bratislava during the lockdown

Walks along the Danube bank offer a feeling of being far from the city rush.

This place, part of Ovsištské Lúky (Ovsište Meadows) in Petržalka, is still Bratislava.