Slovak truck toll system is economic nonsense
The Slovak truck toll system is an economic nonsense that due to its high costs and low revenues does not meet its target of funding highway construction. Over seven years, it has produced only €1.2bn in revenues, €1bn short of the initial plan. Net income after costs came to €538m, just a third of the plan and on par with the old system of paper stickers. The system’s operator, SkyToll, reported a net profit of €161.9m in 2010-17. Initially, it was controlled by Milan Fiľo and J&T, and its current owner is Petr Syrovátko. Firms close to SkyToll also make huge profits on payment processing.
