The largest part of the finances that are invested in the road infrastructure in the country are from loans. Up to 57.4% of the money in this year’s budget of the Public Enterprise for State Roads, are loans from the China Exim Bank, the European Bank for Reconstruction and Development (EBRD), the World Bank (WB) and the European Investment Bank (EIB).
On the other hand, only 15.4% of the total income planned for 2019, come from the tolls that drivers pay, the annual program of the Public Enterprise for State Roads (PESR) reveals.
The total budget of PESR for 2019 is 289.1 million euros. In this sum, income from the loans account for 165.8 million euros, while the toll revenues, road taxes and excise duties on oil derivatives amount up to 123.3 million euros. Own funds account for less than half of the total income of finances that PESR expects this year.
In a statement for “Meta”, the director of PESR, Zoran Kitanov, emphasises that without the loans it would be difficult to build and reconstruct the road infrastructure at the current pace.
“Without the loans from the World Bank and the European Bank for Reconstruction and Development, we could have made some reconstruction here and there and build a road once in 5 years, because those are huge finances,” Kitanov says.
But, on the other hand, he adds, the toll fees, road taxes and excise duties on oil derivatives are necessary for timely payment of interest rates for the loans for the roads that have already been built.
The planned budget of the Public Enterprise for State Roads for this year will also be realized from the new tollbooth near Gevgelija, which will be put in use in the next 10 days. This tollbooth will gather fees for the motorway section Demir Kapija – Smokvica, which has been used more than a year without fees.
By next spring, tollbooths will be built in Demir Kapija, at Kadrifakovo and Preod on the Miladinovci – Stip Motorway. The tollbooth near the village Arbinovo on the future motorway Kichevo – Ohrid will start functioning together with the official inauguration of the new motorway, planned for 2021 at latest.