€21.4 0.6 2.9%
Last Trade - 10:56am
Market Cap | £247.5m |
Enterprise Value | £260.7m |
Revenue | £181.7m |
Position in Universe | 126th / 646 |
By Marja Novak LJUBLJANA, March 27 (Reuters) - Slovenia will hold a second referendum on May 13 on whether to build a 1 billion-euro railway line after a court annulled a previous referendum, the State Election Commission said on Tuesday. At the previous referendum, in September, 53.5 percent of voters backed construction of a 27-kilometre rail line between the city of Divaca and the state-owned port Luka Koper LKPG.LJ , which was the biggest investment project of the outgoing centre-left government. The result was annulled after Vili Kovacic, the head of the civil society group Taxpayers Don't Give Up, complained to the court, saying the government had an advantage in the referendum because it spent 97,000 euros of budget funds on its campaign urn:newsml:reuters.com:*:nL8N1QW5Z2 The referendum was initiated by Kovacic's group, which argued that the line, as designed by the government, was too expensive and asked voters to reject the project. The court's decision prompted Prime Minister Miro Cerar to resign, and the country is expected to hold a parliamentary election on May 27 or June 3. President Borut Pahor will announce the election date next month urn:newsml:reuters.com:*:nL8N1QW7T8. The government has so far received 44.3 million euros ($54.86 million) of European Union funding for track preparation, and neighbouring Hungary has said it was willing to invest about 200 million euros in the project, since it relies on the port of Koper for much of its seaborne freight. In an opinion poll published by the newspaper Delo earlier this month, 65 percent of participants supported the project. Kovacic said on Tuesday he will complain to the Constitutional Court because he believes the referendum should be held on the date of the general election or on the date of the November local election, which would increase turnout. ($1 = 0.8075 euros) (Reporting By Marja Novak, editing by Larry King) ((Marja.Novak@thomsonreuters.com; +386-1-5058805, Reuters Messaging: marja.novak.thomsonreuters.com@reuters.net))