Skip to main content

Slovakia plans €3.5bn plus spend on new roads and other infrastructure

Slovakia plans to invest more than €3.5 billion (US$ 4.76 billion) on new roads, motorways and other transport infrastructure, according to the draft partnership agreement between the European Union and Slovakia for the 2014-2020 budgetary period. The proposal claims that the current state of infrastructure in Slovakia is poor, technically obsolete and incomplete, which not only creates obstacles in the mobility of citizens but also reduces the attractiveness of the country for foreign investors. The coun
February 11, 2014 Read time: 1 min
Slovakia plans to invest more than €3.5 billion (US$ 4.76 billion) on new roads, motorways and other transport infrastructure, according to the draft partnership agreement between the 1116 European Union and Slovakia for the 2014-2020 budgetary period.

The proposal claims that the current state of infrastructure in Slovakia is poor, technically obsolete and incomplete, which not only creates obstacles in the mobility of citizens but also reduces the attractiveness of the country for foreign investors. The country proposes to spend the finances from structural funds on construction of roads and motorways, which are to be part of the TEN-T network, and the modernisation of main railway corridors. Funds will also be allocated to increasing the energy efficiency and environmental friendliness of the transport system, and improving the public transport system and navigability of the river Danube.

For more information on companies in this article

Related Content

  • US$613 million new New Zealand road funding budget
    June 12, 2024
    New Zealand is setting a new road funding budget worth US$613 million.
  • Russia’s trans-continental route
    August 10, 2018
    Russia is spending US$10 billion on building a 2,000km section of road connecting China with the EU – Eugene Gerden reports Russia has now started building a 2,000km section of a new transcontinental route, which will connect China and the EU. According to senior officials from the Russian Ministry of Transport, which is implementing the project, the new road, will be known as the Meridian and will stretch through the Russian territory that borders with Kazakhstan and Belarus. This route forms the Russian
  • New East Africa highway connecting Kenya, Tanzania, South Sudan
    June 8, 2016
    East African countries continue to implement a road Master Plan developed jointly under the East African Community initiative and which aims at integrating the region’s transport corridors to meet the growing demand for road transport by the increasing intra-regional trade and vehicular traffic. Kenya has for example unveiled a US$280 million road rehabilitation project to improve its links with Tanzania and South Sudan with the backing of the African Development Bank (AfDB). Rehabilitation of the 172
  • Bangladesh moves forward with US$735 million highways programme
    August 5, 2021
    A massive highways development programme is being planned in Bangladesh