Czech project set to benefit from EU fundin

A highway project in the Czech Republic looks set to benefit from 3287 EU funding. The highway is being established under a public private partnership model and will receive €700,000 of co-financing from the TEN-T Programme. The project was selected for funding under the 2011 TEN-T Annual Call. The funding will be used for a series of legal, financial and technical studies that will support the Czech authorities in planning its highway. The study will evaluate the construction, operation and maintenance through a Public-Private Partnership (PPP) of certain sections of the Czech D3 highway. The 18.8km section of the D3 highway in the South Bohemia region of the Czech Republic will then be built through a design-build-finance-operate (DBFO) PPP scheme. In addition, operation and maintenance of other longer sections of the same highway, which are already in operation or under construction, could also be included in this PPP project. The project will be managed by the 7021 Trans-European Transport Network Executive Agency and is set to be completed by April 2014.