Czechs to get EUR 3.9bn in EU funds for transport projects after 2014

By bne IntelliNews March 13, 2013
The Czech Republic is to get CZK 100bn (EUR 3.9bn) in EU funds in the next programme period from 2014 to 2020 to finance transport infrastructure projects, Pravo daily reported citing transport minister Zbynek Stanjura.

The bulk of the funding, CZK 80bn, will come from cohesion funds, Stanjura said at a Zofin Forum adding that the ministry will focus on financing smaller number of projects with a higher value. Priority road projects include the completion of D11 motorway connecting Prague with the Polish border and of D1 highway as well as the construction of Ceske Budejovices ring road.

Among the important railway projects are the upgrade of third and fourth transit corridors and modernisation of hubs on the first corridor. Under the current Operational Programme Transport, the country can draw CZK 147bn but the financed projects should be completed by 2015.

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