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.

Related Articles

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Slovak celebration of decent grain harvest marred by sheep’s milk protest

Slovakia’s grain harvest is this year likely to amount to 2.5mn tonnes, 20% down year on year, but comfortably enough to cover domestic needs and leave a million tonnes for export, SITA newswire ... more

Central European and Baltic economies shrugging off political uncertainty

Medium-term economic growth forecasts for Central Europe and the Baltics have been raised by The Vienna Institute for International Economic Studies (wiiw) in a report issued on June 29. The most ... more