Skip to main content

EC financing to support Slovakian highway

Financing for Slovakia’s new D3 highway project will be sourced from the European Commission. The D3 lies in the north of this small country and the project has been the focus for intensive discussions over its importance and even, the need for its construction. When it is complete the D3 will connect with Poland and the Czech Republic and will help improve connectivity in the area, and it is this point that the Slovakian Transport Ministry has used as a bargaining tool in its discussions in Brussels. It is
June 17, 2013 Read time: 2 mins
Financing for Slovakia’s new D3 highway project will be sourced from the 2465 European Commission. The D3 lies in the north of this small country and the project has been the focus for intensive discussions over its importance and even, the need for its construction. When it is complete the D3 will connect with Poland and the Czech Republic and will help improve connectivity in the area, and it is this point that the Slovakian Transport Ministry has used as a bargaining tool in its discussions in Brussels. It is expected to cost in the region of €365 million to construct the 12km section of the D3 from Svrcinovec-Skalite and the tender process has been called by the Slovak national motorway company, 5891 NDS. Construction of the Svrcinovec-Skalite section of the D3 is expected to start at the end of 2013, with other stretches of the highway starting construction in 2014. The Slovakian stretch of the D3 should be completed by 2019, should the works stay on track with the construction plans.

For more information on companies in this article

Related Content

  • Skanska to Slovakia’s D1 motorway for €214 million
    September 6, 2016
    Skanska has won a contract with the National Highway Authority (NDS) to extend the 14.4km long motorway D1 in eastern Slovakia. The new motorway will include 23 bridges and four viaducts, along with required noise protection. Another R2/R4 express road will also be extended.
  • Road connections for the two Koreas
    December 4, 2018
    Progress is being seen in North Korea and South Korea with regard to the plan for new road transport connections between the two countries. A 12km highway section is to be built in South Korea linking Munsan to Dorasan Station, with the route running close to the border with North Korea. Because of the project’s strategic importance, the Ministry of Strategy and Finance has stated that there is no need for a feasibility study to be carried out, a break from convention for the country. A budget of US$457.6 m
  • Nicaragua road project funding deal
    February 1, 2018
    Nicaragua’s Ministry of Transport and Infrastructure (MTI) is setting out its road development programme for 2018. In all the plans call for the construction of 171km of roads. Work will be completed for the road from Mulukuku to Siuna, with the first 23km stretch due to open in September 2018 and the remaining 21.5km expected in December 2018. Meanwhile the road from Nueva Guinea to San Francisco should be complete by November 2018. Work started on these two routes in 2016. The project also calls for
  • Bolivia’s latest highway project is underway
    May 29, 2018
    Bolivia’s new highway project will improve connections with Brazil and Chile – Mauro Nogarin reports. Work is underway on Bolivia’s new Rurrenabaque – Riberalta highway project, which will boost connectivity for the country. The project is being coordinated by the Bolivian Highway Administration (ABC), with an Eximbank loan of US$579.4 million providing the financing for 85% of the work. The remaining 15% of the funding will come from the Beni Department’s budget, where the route is being built. Located in