In a significant decision during its second reading today, the Icelandic Parliament has approved an allocation of four million ISK for the Trongisvágsvegur road project.
Originally earmarked in the 2022 budget, this funding was intended for widening a key stretch of the road. However, the funds were repurposed by Landsverk for other projects, including Selatraðarvegur, Fuglafjörðurvegur, and Funningsfjörðurvegur, leaving the Trongisvágsvegur initiative on hold.
“Now, the funds will be placed into a dedicated account, allowing the municipality of Tvøroyri to manage them effectively,” stated Eyðgunn Samuelsen, chairwoman of the Budget Committee.
### No Assurance for Additional Funding
Kristin Michelsen, mayor of Tvøroyri, has previously indicated that the municipality anticipates needing a total of ten million ISK to complete the widening of the road. In contrast, Landsverk estimates the total cost at twenty million ISK, jumping to forty million ISK should significant alterations be required.
While the Parliament has moved forward with the allocation of four million ISK, the uncertainty remains regarding the additional six million needed to finalize the project. Without this funding, the future of the road expansion hangs in the balance, underscoring the ongoing challenges of infrastructure investment in the region.
