SPENDING FRAMEWORK 2015-05-07T23:54:51+00:00

The TEEM investment plan incorporates total costs of €1,659 million net of interest expenses, which will take the total up to €2 billion. TE has estimated that the actual work will cost €1.070 billion, including the €171.4 million for work on the ordinary roads and the environmental work to be done for the communities and areas impacted by the building of TEEM.

The spending framework also includes the €246.2 million paid out in compensation for land expropriation and the demolition of buildings. The allocated amount for the elimination of impediments is €93.1 million, plus €60 million allocated for unforeseen events, €10 million for type approval and certification, €148 million for general operating expense and €26 million for compensation work.