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Sector
Industrials
Size
Small Cap
Market Cap £247.5m
Enterprise Value £260.7m
Revenue £181.7m
Position in Universe 126th / 646

Slovenia to put rail project to referendum on Sept 24

Tue 4th July, 2017 6:18pm
By Marja Novak 
    LJUBLJANA, July 4 (Reuters) - Slovenia's parliament voted on 
Tuesday to put the government's flagship infrastructure project, 
a 1 billion euro ($1.1 billion) rail link, to a referendum on 
Sept. 24. 
    The 27-km (17-mile) line is designed to speed up freight 
traffic between the city of Divaca and Slovenia's state-owned 
Adriatic seaport at Luka Koper  LKPG.LJ .  urn:newsml:reuters.com:*:nL8N1G91SN 
    The lobby group Taxpayers Don't Give Up and the main 
opposition party, the centre-right Slovenian Democratic Party, 
had pushed for the referendum, arguing that the line, as 
projected by the government, was too expensive. 
    The centre-left government has already won 44.3 million 
euros of European Union funds for preparation of the track, 
while landlocked Hungary had said it is ready to invest about 
200 million euros as it relies on Koper for much of its sea 
freight.  urn:newsml:reuters.com:*:nL5N1HE38Y 
    A rejection by voters would put the project on hold for at 
least a year, and most likely longer as a parliamentary election 
is due in mid-2018. 
    However, for a rejection to be valid, it needs not only a 
majority of those voting, but also the backing of at least 20 
percent of the 1.7 million or so eligible voters. 
    "We believe the project is of strategic importance to 
Slovenia ... as it will have multiplicative effects on the 
economy," Infrastructure Minister Peter Gaspersic told 
parliament before the vote. 
    An opinion poll published by the daily Delo on Monday 
indicated that 56 percent of those who planned to vote would 
reject the project, but left unclear whether enough voters would 
turn out to make the rejection binding. 
 ($1 = 0.8815 euros) 
 
 (Reporting By Marja Novak; Editing by Kevin Liffey) 
 ((Marja.Novak@thomsonreuters.com; +386-1-5058805,  Reuters 
Messaging: marja.novak.thomsonreuters.com@reuters.net)) 
 
Keywords: SLOVENIA RAILWAY/
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