Some €468 mn to Be Saved and Spent in Better Way in Transport

Transport, Construction and Regional Development Minister Roman Brecely (photo by TASR)

Bratislava, July 26 (TASR) – Around €468 million should be saved and spent more effectively in the area of transport between 2017-20 thanks to the Value for Money project aimed at revising expenditures in transport, TASR learnt on Tuesday.

The money saved will be spent on operating, maintaining and repairing roads and motorways and on subsidies for railways.

The Finance Ministry-sponsored Value for Money project will be launched also in the IT and health-care sectors.

Regarding transport, analysts will revise planned investment projects with estimated costs of €6.48 billion, such as for certain D1- and D3-motorway stretches, the R1-expressway stretch between Banska Bystrica and Ruzomberok (Zilina region) and sections of the R2, R3 and R4 expressways.

However, analysts won’t deal with projects already at an advanced stage of preparation. These include projects for which a public procurement process has already begun or the land for the new roads has already been bought. These projects, worth €2.1 billion, include, for example, the Presov bypass and the Budimir-Bidovce stretch of the D1 motorway as well as the Cadca, Bukov-Svrcinovec stretch of the D3 motorway.

Transport analysts will also look at expenditures in rail transport under the Value for Money project. They’ll revise investments allocated for modernising rail infrastructure and consider a possible better use of trains and the rail network as a whole.

The current report on revising transport expenditures is only a preliminary one. A subsequent analytical revaluation should lead to more specific comments and recommendations. The final report is expected to be approved by the Cabinet in the autumn.