Skip to main content

Motorway expansion plan for Slovakia

A major extension of Slovakia’s motorway network is underway, although spending in 2015 will be lower than in 2014. The Slovakian National Motorway Company is using a combination of both EU and state funds to invest in motorway construction during 2015. Some €518.5 million will be invested, although this is around 16% lower than the budget agreed for 2014. The EU Operational Programme Integrated Infrastructure (OPII) source will provide €80.6 million, while €14.22 million will come from the state budget. T
August 27, 2014 Read time: 2 mins

A major extension of Slovakia’s motorway network is underway, although spending in 2015 will be lower than in 2014. The 7808 Slovakian National Motorway Company is using a combination of both EU and state funds to invest in motorway construction during 2015. Some €518.5 million will be invested, although this is around 16% lower than the budget agreed for 2014. The EU Operational Programme Integrated Infrastructure (OPII) source will provide €80.6 million, while €14.22 million will come from the state budget. The state budget finances worth €161.65 million will be used in 2015 for construction, repairs, and maintenance. This represents an increase of 14.6% from the planned spending for 2014. Repairs and maintenance will require €45.13 million, up by 12.8% from the sum for 2014. The Operational Programme Transport (OPD) will provide €266.8 million in 2015 for building motorways, a drop of 17.3% from the sum provided in 2014. Co-financing from the national budget will represent €44.32 million, a drop of 22.2% from 2014. There will also be an extra €112.55 million from the state budget for co-financing, a drop of 52.8% from 2014.

For more information on companies in this article

Related Content

  • Motorway expansion plan for Slovakia
    August 27, 2014
    A major extension of Slovakia’s motorway network is underway, although spending in 2015 will be lower than in 2014. The Slovakian National Motorway Company is using a combination of both EU and state funds to invest in motorway construction during 2015. Some €518.5 million will be invested, although this is around 16% lower than the budget agreed for 2014. The EU Operational Programme Integrated Infrastructure (OPII) source will provide €80.6 million, while €14.22 million will come from the state budget. T
  • Slovakia to tap into the European Fund for Strategic Investment
    December 4, 2014
    The Slovak Finance Ministry has confirmed that it has earmarked two projects for which it will apply to the EU for funds from the newly created European Fund for Strategic Investment (EFSI). European Commission President Jean-Claude Juncker recently announced the creation of the US$26.2 billion EFSI fund as part of EC's $388 billion three-year investment plan to boost Europe's struggling economy. The two projects for which Slovakia plans to apply for funds from EFSI are the completion of the construct
  • EU funding boosts Slovakia’s transport links
    October 31, 2012
    Slovakia is benefiting from strong European investment in its transport infrastructure. For the 12 month period up until 30th September 2012, the country benefited from the use of EU funds worth €920.5 million. This amount was used for projects within the Operational Programme Transport (OPD) and came from the overall allocated sum of €3.12 billion. Co-financing from the state budget stood at €211.5 million and represented 33.75% of the overall sum of €626.6 million. The finances used from the EU Cohesion F
  • Sourcing road financing for East Africa’s network expansion
    December 4, 2015
    East Africa’s ambitious road expansion programme is seeing the network expand significantly – Shem Oirere writes The East Africa countries of Kenya, Tanzania, Uganda and Rwanda have announced ambitious road sector expansion plans in the 2015/16 financial year. This is despite their national budgets being weighed down by huge deficits and persisting lack of capacity to spend resources allocated to the sector in previous years. With the huge budget deficits, the countries will have to look for alternati