Slovak funding under scrutiny

The European Bank for Reconstruction and Development (EBRD) is appraising an application for the financing of several highway sections that the Slovak government has decided to build under a public-private partnership (PPP) programme. A consortium of environmental and energy focused NGOs has been making its case about “the troubling implications of these projects.”
July 6, 2012 Read time: 2 mins
The 1166 European Bank for Reconstruction and Development (EBRD) is appraising an application for the financing of several highway sections that the Slovak government has decided to build under a public-private partnership (PPP) programme.

A consortium of environmental and energy focused NGOs has been making its case about “the troubling implications of these projects.”

In October, 2008, the Slovak government announced on its website that the EBRD was appraising applications for financing for selected D1 highway sections that are to be built under a PPP scheme.

The use of the PPP approach was approved by the Slovak government in September, 2007. After a proposal from the government, the Slovak parliament subsequently adopted Act 669/2007 on One-off Extraordinary Measures in Preparation of Selected Motorway Constructions. This Act is aimed at creating especially favourable conditions for private investors engaged in building highways under PPP schemes. It relates only to those motorway and expressway sections that are explicitly mentioned in it: exactly the same ones as those the government has decided to build under PPP. This list also includes the sections proposed for EBRD financing.

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