Transport Ministry postpones target date completion of roads network

The Czech Ministry of Transport has put back its target date for completing a basic network of motorways and highways in the country because of uncertainty over the financial resources that will be forthcoming. The ministry announced on Monday that the completion of the network could not be envisaged before 2025, five years later than the originally planned date of 2020. Under current plans around 500 billion crowns would be needed by 2020 to complete planned motorways but only a fifth of that has been allocated so far. Minister Gustav Slamečka suggested the issuing of special bonds for transport infrastructure might be a one way of meeting the financing gap.

Author: Chris Johnstone