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

  • Road construction stimulus for Australia
    July 8, 2020
    A road construction stimulus package is planned for Australia.
    Read More
  • Kazakhstan road works planned
    January 21, 2021
    Key road works are being planned in Kazakhstan.
    Read More
  • Major capacity upgrade for key junction on UK’s M25 route
    December 18, 2014
    Balfour Beatty and Skanska will carry out a major motorway junction upgrade project worth €69.7 million (£55 million) in the UK. The two companies will operate on the project in a 50:50 joint venture to upgrade junction 30 of the M25 gyratory motorway around capital London. The deal was awarded by the UK’s Highways Agency. This joint venture, Balfour Beatty Skanska, is a construction partner to Connect Plus, the company responsible for managing and upgrading the M25 network. Balfour Beatty Skanska has alrea
    Read More
  • How is the world construction market performing?
    November 20, 2014
    Taking a world view, the construction equipment market provides a handy guide as to overall construction business activity. Evaluating machine shipments can provide a ready answer to those who ask, “What is happening?” Major manufacturers such as Caterpillar or Komatsu operate on a global basis and their results can be highly indicative of market conditions overall as well as in specific territories. Construction associations similarly provide strong insight into business activity. According to figures fro
    Read More

Highlighted Content