Finance minister says transport pact needs new funding solutions

The planned sale of Keldnalands and proposals to fund the transport agreement through delay and traffic charges have not gone ahead as intended, mbl.is reported. Finance Minister Daði Már Kristófersson called the situation concerning but said there was no reason to fear for the agreement’s future.

Reykjavik Mayor Hildur Björnsdóttir has said the agreement’s funding is in jeopardy and rejected road tolls on existing main roads. Kristófersson said he did not share her assessment but acknowledged that new funding solutions were needed.

The state intends to meet its commitments under the agreement, either through direct contributions or borrowing authorisations, he said. He also said any review of project priorities should be handled carefully, after Reykjavik’s new majority called for one.