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.
Road Structures

For more information on companies in this article

Related Content

  • Highway developments to boost east-west transport
    April 4, 2012
    Huge highway developments are being planned and carried out to further improve East-West transport, with Central Asia a key region as Patrick Smith reports History was made in late 2010, when one of the biggest road building projects ever envisaged in Eastern Europe was given the green-light. It was the occasion when Russian president Dmitry Medvedev signed a law that would allow his country to build its segment of a huge highway around the Black Sea. The idea is to complete the 7,140km highway, wi
    Read More
  • Ukraine’s shattered highways
    July 26, 2024
    With no end to its war with Russia in sight, Ukraine is also fighting hard to cope with a growing backlog of major infrastructure projects, especially in terms of rebuilding the country’s roads and bridges. David Arminas reports.
    Read More
  • Kazakhstan announces infrastructure investment programme to 2020
    April 2, 2015
    Kazakhstan’s deputy minister for investments and development Zhenis Kasymbek has said that about US$20 billion will be invested in development of all types of transport infrastructure by 2020. The main funds will be allocated for the Caspian region, in particular for projects to improve connections to Azerbaijan, Georgia and Turkey. Apart from road infrastructure, money will be invested to construct the Beyneu-Zhezkazgan railway and development of the Altynkol-Khorgos railway section in the direction of
    Read More
  • FIEC calls for coherent investment in Europe's infrastructure
    April 24, 2012
    The European Construction Industry Federation (FIEC) is calling on the European Governments to recognise the importance of investing in infrastructure. The FIEC says it recognises the challenging economic climate and the need for governments to cut unsustainable levels of public debt. But FIEC president Luisa Todini commented, “Austerity is however not a solution by itself.” Europe’s transport, energy and telecommunication networks are the backbone of the EU internal market, ensuring that goods and services
    Read More

Highlighted Content