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16.2 BILLION KUNA TO BE INVESTED INTO CONSTRUCTION OF HIGHWAYS

ZAGREB, Dec 27 (Hina) - In the period 2001 - 2005, 16.2 billion kuna will be invested into the construction of new highways in Croatia, including the Zagreb-Split highway, Croatian Highway company (HAC) director, Stanko Kovac, said at Thursday's government session. Road construction was the focus of today's government session. The government adopted the plans of construction and maintenance of highways, as well as state roads in 2002. HAC director presented an overview of financing the construction of the highways, calculated in euro, since a large part of the funds will have to be acquired from loans. In the next four years, 2.86 billion euro will be needed. Of the amount, HAC will use 11.1 billion euro from its own budget (from road tolls and oil products fees), while 1.75 billion euro will have to be borrowed. Public Works Minister Radimir Cacic stressed that the new model of financing road construct
ZAGREB, Dec 27 (Hina) - In the period 2001 - 2005, 16.2 billion kuna will be invested into the construction of new highways in Croatia, including the Zagreb-Split highway, Croatian Highway company (HAC) director, Stanko Kovac, said at Thursday's government session. Road construction was the focus of today's government session. The government adopted the plans of construction and maintenance of highways, as well as state roads in 2002. HAC director presented an overview of financing the construction of the highways, calculated in euro, since a large part of the funds will have to be acquired from loans. In the next four years, 2.86 billion euro will be needed. Of the amount, HAC will use 11.1 billion euro from its own budget (from road tolls and oil products fees), while 1.75 billion euro will have to be borrowed. Public Works Minister Radimir Cacic stressed that the new model of financing road construction, in which the state assumes responsibility, while companies are obliged to respect deadlines, prices and quality. Economy Minister Goranko Fizulic stressed the importance of road connecting Croatia with Europe, the construction and developing border crossings, and recommended that an analysis be done on the justification of the introduction of vignettes as a form of road toll, on the model of Austria. Prime Minister Ivica Racan stressed that the government paid great attention to the construction of roads because this ambitious programme creates jobs for domestic construction companies. He announced that the government would, at the beginning of next year, be submitted a report on the realisation of the government's decision on the accelerated construction of the Zagreb-Split highway. (hina) lml sb

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