Projects on the Czech List

by Michelle Kayal, Freelance Writer; Prague, Czechoslovakia,

Serial Information: Worldwide Projects, 1993, Vol. 1, Issue 3, Pg. 39-41

Document Type: Feature article

Abstract: The Czech Republic's increasing reliance on the European Community as a trading partner has created a need for airports, power plants, an improved telephone system, new highways, rail and water-transport projects, and other sorts of infrastructure. Toxic waste and air pollution, the latter from decades of burning brown coal for energy, are serious problems, prompting the use of pollution control equipment and a diversification of energy sources toward natural gas and nuclear power. Financing projects is extremely difficult, says the author, a Prague-based journalist. The Czech government is unwilling to go into debt, and international lending agencies have kept a low profile. Build-operate-transfer schemes and export credits play a large role in winning work for foreign firms, as does the ability to navigate the Kafkaesque bureaucracy; nevertheless, the country's economic prospects may be the best in Eastern Europe.

Subject Headings: Czech Republic | Infrastructure | Environmental issues | Pollution | Financing |

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