Butkovic says more than €2.7 bn being invested in Croatia’s transport system

ZAGREB, Dec 19 (Croatia Sun News) – Transport and Infrastructure Minister Oleg Butkovic said on Tuesday that currently investments, worth more than HRK 20 billion, were being implemented in Croatian transport infrastructure.

Asked to comment on the suggestion by the International Monetary Fund (IMF) to Croatia to increase investments in the railway sector, Minister Butkovic said that a lot of investment were being made in the transport infrastructure.

He announced that on Friday a HRK 500 million contract on works on the Vukovar-Vinkovci railway would be signed. Also, on 27 December, a contract worth €311 million to upgrade the Hrvatski Leskovac-Karlovac railway would be signed. The latter agreement ensues after on 12 December the European Commission  approved an investment of more than €311 million from the Cohesion Fund to upgrade the 44-km Hrvatski Leskovac-Karlovac section of the Zagreb-Rijeka railway, which is a highly populated area and one of Croatia’s main logistics centres.

According to a report made by the IMF mission, in order to achieve higher living standards, in terms of transportation infrastructure, the country “already has a good network of roads.”

“Investment in ports on the coast are also underway. However, to make these ports fully productive, investment in railways—particularly for freight purposes—also needs to occur.”  Investments in both solid waste and waste-water treatment are also high priority areas, reads the report issued on Monday.

Considering this suggestion, Finance Minister Zdravko Maric said in his response to reporters that the roads and motorways sector had been successfully overhauled.

As far as the Croatian railways are concerned, a good model should be conceived to spur investments in the infrastructure and enhance the quality of services and competitiveness, and all this on a viable financial basis, said Maric.

(€ 1 = 7.4)

(Source: Hina)

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.