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European Union: Millions in funds earmarked for infrastructure may be lost in Slovenia

2013/08/21

Slovenia may lose hundreds of millions of euros set aside for the country in EU cohesion funds if by the end of 2013, at the same time as the seven years for the implementation of the European budget end, contracts for projects by presently approved are not signed, reported Lubiana Delo on Tuesday. The paper added that the projects suffering the longest delays are connected with investment in the public infrastructure.

According to Slovenian Economy Ministry data, at the end of June the contracts signed with several different companies totaled 3.2 billion euros, 900 million less than the funds Slovenia has at its disposal.

Hundreds of millions additional may be lost due to the slowness of Slovenian bureaucracy. The major delays are linked to investment in projects for the construction and upgrading of roads and railways and projects for environmental protection, where for 200 million euros non even the documentation has been drawn up, while for projects worth a total of 570 million the companies that will be implementing them have not from presently on been selected. 

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