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SVP's Shortage of Funds Halts Flood Prevention Projects
Sunday 18 July 2010 Zoom in | Print page
Bratislava, July 17 (TASR) - Based on a strategy against floods that was approved in the early '00s, the Slovak Water Management Company (SVP) was supposed to receive €600 million from the state between 2003-10. "However, we've only received €150 million, so we're short €450 million," SVP general director Stefan Borusovic told TASR on Saturday.
The shortage of funds stopped the company from undertaking measures that were drawn up in an effort to combat floods. This was especially the case in eastern Slovakia, Kysuce area (Zilina region) and in the Morava River basin in the west of the country.
"The plan of the use of funds will need to be updated following this year's floods, as some water-management structures are damaged so extensively that they will need to be constructed anew rather than just repaired," added Borusovic.
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