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  • The Second Track project remains within the investment values defined in the Investment Program (NIP2).

Construction

The Second Track project remains within the investment values defined in the Investment Program (NIP2).

7. February 2025

Projekt Drugi tir ostaja v finančnih okvirih, ki so opredeljeni v Novelaciji investicijskega programa (NIP2), družba 2TDK pa sprejema vse ustrezne ukrepe za reševanje nepredvidenih izzivov na način, da bo železniška proga od Divače do Kopra kakovostna in varna, pri čemer ostaja cilj, da bodo gradbena dela, ki bodo omogočila prevoznost proge in začetek testiranj, zaključena v marcu 2026. Družba 2TDK zavrača navedbe, da turški gradbinec zapušča gradbišče drugega tira.

The Second Track project remains within the financial framework defined in the Amendment to the Investment Program (NIP2), and the company 2TDK is taking all necessary measures to address unforeseen challenges in such a way that the railway line from Divača to Koper will be of high quality and safe. The goal remains to enable the railway's operability by March 2026. 2TDK rejects claims that the Turkish contractor is leaving the Second Track construction site.

After difficult negotiations, 2TDK has agreed on contract values with the legal obligation to pay for price increases, and the completion deadline has been adjusted to March 31, 2026. In this regard, the company has signed annexes to the contracts for Section 1 and Section 2 with the consortium of Kolektor CPG, Yapi Merkezi, and Özaltin.

For Section 1, an annex has been signed to extend the contract deadline due to a later start of work in the Glinščica valley and the need to bridge larger karst phenomena, as well as the concurrent work on Scope 3, which will begin its work according to the agreed schedule before the main construction work on Section 1 is fully completed. In addition, contractual penalties have been agreed upon for the newly defined intermediate deadlines in the same way as previously agreed for Section 2. The total estimated contract value remains unchanged.

For Section 2, an annex has been signed to adjust the estimated contract value. The contract value is changing due to price increases, which is a legal obligation of the client. Without the legally required price increases due to inflation, the section between Črni Kal and Koper would have been completed under the estimated contract value. Price increases due to inflation are being experienced by all projects in Slovenia and comparable multi-year infrastructure projects abroad.

The contract for the main construction work contains a clause about fixed prices, but any changes in prices (such as price increases) are determined by legal regulation in the Republic of Slovenia. Article 656 of the Obligations Code states that the contractor (even if the contract contains a provision on fixed prices) can request a price difference above 10%. Furthermore, the contractor's right to request payment for increased costs of labor, goods, and other investments in the construction work is also foreseen by FIDIC, whose rules are included in the signed contracts for construction work, as is common practice throughout Europe. 2TDK has no influence on the extent of these price increases, as the index is determined based on price increases for materials, services, and goods, which are calculated by the relevant institution. The new contract value for Section 2 is now EUR 250,970,313.16 excluding VAT, which is EUR 23,293,438.75 more. The Second Track project is not becoming more expensive, but remains within the approved investment value.

As the client, 2TDK has also demanded that the leading partner in the consortium urgently address the situation involving one of the consortium partners. The company emphasized the necessity of ensuring the smooth continuation of work and adherence to contractual obligations. All partners are jointly responsible for fulfilling their obligations on the project in case one of the partners faces financial, time-related, or other circumstances that could affect the execution of contractual works. 2TDK rejects claims that one of the partners is leaving the Second Track project.

Since the beginning of its mandate, the management of 2TDK has been actively seeking solutions to compensate for delays from the past and is tackling current challenges such as bridging karst phenomena, shifting in the Glinščica valley, contractor issues, and global challenges affecting both the construction and infrastructure sectors. Moving forward, the company’s management will continue to address the project's challenges in collaboration with all involved parties.