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Highway construction prices fixed.

Europe Intelligence Wire

| April 01, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From The Slovak Spectator)

Byline: Marta Iurianova Spectator staff

Infrastructure - State expectations to reduce costs labeled naive A HIGHWAYS total cost should be known before its construction begins, according to a regulation by the Ministry of Transport that went into effect at the beginning of this year.

Officials are confident the regulation will help to cut the cost of highway construction projects and reduce the number of amendments currently being attached to construction contracts.

The new regulation also requires a construction permit be issued before a tender on a construction project can be announced and that the Transport Ministry confirm the construction is in line with its official timetable and the state budget.

The National Highway Company (NDS) and Slovak Road Administration (SSC), which belong under the Transport Ministry, are the only entities authorized to order such projects.

When selecting a construction firm in a tender, the ordering side must take into consideration a price set by a state expert.

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