EU approves €171.4mn funding for Slovak transport projects

By bne IntelliNews June 24, 2015

The European Union has approved the reimbursement of €171.4mn for three Slovak infrastructure projects under the European Commission's Operational Programme on Transport 2007-2013, the transport ministry announced on June 24.

“After several months of intensive negotiations with the European Commission, we have succeeded in securing European money for two sections of the R2 expressway. (...) Brussels has also approved the last railway modernisation project,” Transport Minister Jan Pociatek said.

The EU will contribute €55.9mn for a 7.85km long expressway section between Zvolen and Pstrusa, whose construction started in August last year and is expected to be completed in July 2016. The contribution for the 9.5km long Ruskovce-Pavotice stretch, whose construction started in December 2013 and should be completed in May next year, amounts to €60.4mn. Brussels will also provide €55.1mn for the modernisation of a 13.9 km long section of the Puchov-Zilina railway track.

Overall, the EU has approved 21 Slovak major transport projects contributing €2.095bn.

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