CEE: Work in progress

After decades of neglect, infrastructure in central and eastern Europe is in urgent need of upgrading. Now projects across the region are on hold in the wake of the global downturn. Lucy Fitzgeorge-Parker talks to the public- and private-sector bankers trying to get the market back on its feet.

WHEN THE SLOVAK centre-right opposition won a surprise victory in elections last June, one of its first actions was to pull the plug on a pair of multibillion-euro motorway projects planned by the previous regime. Domestically, it was a popular move – local politicians and media had condemned the public-private-partnership financing of the schemes as expensive and unnecessary – but it badly dented the confidence of the international infrastructure community in central and eastern Europe.

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