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

  • Algeria upgrading route to key highway status
    June 5, 2015
    Algeria is upgrading National Road One (RN01) so that it will become the North-South motorway. The project involves widening and improving the route as well as adding more lanes. The work forms part of the 2010-2014 five-year plan and involves seven local and national companies. It involves doubling the number of lanes for the 103km stretch between the Laghouat and Ghardaïa regions. The work is costing US$116 million. Work on the first 51km section will be completed at the end of August 2015, while the seco
    Read More
  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
    Read More
  • Slovakia’s Ruzomberok bypass and tunnel face severer delays
    September 4, 2017
    The bypass around the Slovakian town of Ružomberok, which was supposed to be finished this summer, faces a delay of more than four years. The bypass is part of a 15.2km stretch of the D1 highway between Hubová and Ivachnová. Ružomberok, with a population of around 45,000 including its surrounding area, is in the Liptove region in northern Slovakia. It lies around 260km from the Slovakian capital Bratislava.
    Read More
  • STRABAG sees profits grow
    April 29, 2016
    Construction company STRABAG has seen its financial performance improve during the 2015 financial year. The firm’s earnings before interest and taxes (EBIT) reached €341.04 million, an increase of 21% over the previous year. Double-digit growth was also achieved in net income (after minorities), with a gain of 22% to €156.29 million, while earnings/share grew from €1.25 to €1.52. These developments have compelled the management board to propose to the AGM planned for June 2016 a dividend of €0.65, which wil
    Read More

Highlighted Content