Czech Republic: CZK 2 Billion in Toll Income Expected

23. Oktober 2006, 00:00

Czech Transport Minister Ales Rebicek said that toll revenues will be much lower than expected and will reach CZK 2...

Czech Transport Minister Ales Rebicek said that toll revenues will be much lower than expected and will reach CZK 2 billion next year, while some CZK 800 million more were expected.

Next week, representatives of Rebicek and Austria´s Kapsch, which is building the electronic toll collection system in the Czech Republic, will be meeting to clear the way for possible sanctions in case the system is not launched when scheduled.

Rebicek said that the sanction for such a delay will correspond to the income the state has lost.

The start of the system is slated for January 1, 2007.

There are differing opinions in the country about the amount of toll revenues. Former transport minister Petr Moos thinks they could reach CZK 1 billion. He expressed his view that the sum of CZK 2.8 billion is too good to be true.

On the other hand, Rebicek´s predecessor Milan Simonovsky expects that the sum would go to CZK 3 billion.

Eastbusiness.org
In cooperation with and under the responsibility of Eastbusiness, the business information service for Central and Eastern Europe

You can subscribe to the following newsletters
Eastexpress
CEE-Country
Share if you care.