This is a result of an analysis carried out by the think tank Economic and Social Reforms Institute (INEKO).
“Based on our analysis, the construction of this bypass could be overpriced by €1 billion compared to a traditional public procurement,” INEKO director Peter Goliaš said, adding that at the same time, if the project is carried out, a concealed state debt equal to 2-3 % of GDP might emerge.INEKO also believes that an implementation study that compared the bypass’ construction via a PPP project to a standard model was carried out in haste and involved a conflict of interest. It has found several faults in the study, including an excessive estimate of the construction costs and financing for a standard construction variant. Also calculating advantages for road users were inconsistent.
“A great amount of distortion favours the PPP project,” explained Marian Jánoš from INEKO.
INEKO also believes that the Construction Ministry has committed several failures. For example, the ministry has decided about building the bypass via a PPP project without key data on transport.
“Until today the ministry does not know what share of traffic from the overburdened D1 highway sections in Bratislava the D4 highway would take over,” said Ján Kovalčík from INEKO, pointing out that the announced D4 would mainly help with transit transport, which is only marginal in Bratislava.