PPP mooted for financing Czech high speed rail routes

27-10-2016

So-called Public Private Partnership Projects (PPP) could be used in the future to finance high speed rail connections in the Czech Republic, the director of the State Fund for Transport Infrastructure, Zbyněk Hořelica. He was speaking at a transport conference in Prague. The fund is current carrying out technical surveys on possible routes with planning permission for construction possible after 2030. The search for new sources of financing stems from the fact that most EU funding for transport initiatives will dry up after 2023. Priority routes for high speed routes are likely to be to Germany via Ústi nad Labem and Dresden, to Munich via Plzeň, and to Vienna and Bratislava from Brno. PPP projects, in which a private investor builds the infrastructure and then, often, charges for it, have often been mooted as a means for building transport infrastructure while deferring the up front costs.