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.

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