This could be the last year of crisis for the Slovak construction sector, according to a study carried out by CEEC Research. Next year it could already begin to stabilise or even achieve its first very modest growth of 1.3 percent, and in 2015 the growth level could potentially reach 3.4 percent.
A gradual pick-up in the construction of new highway sections can contribute to this development, according to the Minister of Transport, Construction and Regional Development Jan Počiatek. He added, however, that highway construction itself can never fully replace the decline in private sector demand.
Historically the highest ever volume of public investments will go into the development of road and railway infrastructure over the coming years. During the current election term until mid-2016, this should equate to around €8 billion. “All the tenders that were started will be closed before the end of the year. This represents more than one hundred kilometres of highways and many other infrastructure projects. All the allocated European Union funds for the transport sector, will be spent, because contracts already exist for them”, added Počiatek.
