Controversies remain for Slovenian rail project worth over €1 billion

16
Apr
2025
News - Controversies remain for Slovenian rail project worth over €1 billion #CEE #Dr Aleš Pustovrh #EECFA #ESG #Europe #investment #Port Koper #rail #SEE #Slovenia

by Property Forum | Investment

A major railway project in Slovenia, aimed at enhancing the capacity of Port Koper, is nearing completion amidst ongoing controversies and skyrocketing costs, according to an analysis by Dr Aleš Pustovrh, Slovenian researcher at the Eastern European Construction Forecasting Association (EECFA).


The project to build a second double-track railway line between Koper and Divača, scheduled for completion in 2026, has faced increased scrutiny despite being 80% complete.

The need for this large-scale investment arose from the significant growth of Port Koper, which has become a key logistics gateway for CEE. 

In 2024, the port handled approximately 23 million tons of cargo, a 3% increase from the previous year, and recorded 1.13 million TEUs in container throughput. However, the port's capacity was strained by inadequate inland rail connectivity, with the existing single-track railway between Koper and Divača acting as a major bottleneck.

The new 27 km line is designed to replace the existing track, increasing capacity from 90 to 212 train compositions per day and enabling the annual transport of nearly 37 million tons of goods. The project, estimated at €1.17 billion, has been complex due to challenging terrain, including tunnels and bridges.

Originally estimated at around €700 million in 2010 as a single-track route, costs have escalated, leading to public concern and political controversy. A national referendum and a Supreme Court decision supported the project's continuation.

Construction, which began in 2021, is being carried out by several consortia. Recently, the main construction consortium submitted a claim for an additional €350 million, citing technical difficulties. 

The main infrastructure works, including tunnels and viaducts, are executed by a consortium of Kolektor CPG (Slovenia), Yapı Merkezi İnşaat ve Sanayi A.Ş. (Turkey) and Özaltın İnşaat Ticaret ve Sanayi A.Ş. (Turkey) on a combined value of roughly €628.3 million. 

The Civil Oversight Council also raised concerns about project governance, accusing 2TDK of inefficient decision-making, which the company's management has rejected.

Meanwhile, Infrastructure Minister Alenka Bratušek has assured the public that the project is on schedule. 




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy