Posted by on 7 Sep 2010. Filed under Current Affairs, Top news. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

No to PPP projects! EU funds should pay for motorway construction

Jan Figel is optimistic about motorway financing (photo: John Boyd - The Daily)

The government hopes to make massive savings by building motorways with funding from the European Union instead of via overpriced Public Private Partnership (PPP) projects.

An example of this concerns the 75 km stretch from Martin to Presov, for which the contract with the builder is being terminated. The idea, which was declared by transport minister Jan Figel as a priority of the Prime Minister, is for incoming funds from the European Union earmarked for other purposes to be redirected to motorway construction. The EU allows this possibility if a member state has undergone major socio-economic changes, like an economic crisis.

For this reason, experts feel that there will be no problem with the re-allocation of approved finances, which the Ministry of Transport believes will generate hundreds of millions of euros for motorway construction, for example.

1 Comment for “No to PPP projects! EU funds should pay for motorway construction”

  1. No to PPP projects! EU funds should pay for motorway construction ……

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