Congestion charge planned for Hungary capital

The European Commission (EC) is encouraging the Hungarian authorities to implement a congestion charge scheme in capital Budapest by 2015. The move is required so that the Hungarian authorities can repay the EC with loans used to fund the construction a new line for Budapest’s underground metro system. The Hungarian Government earlier failed to pass a proposal to introduce the congestion charge scheme in Budapest but the EC is pushing for this scheme to be implemented by 2015.
December 17, 2012 Read time: 1 min
The 2465 European Commission (EC) is encouraging the Hungarian authorities to implement a congestion charge scheme in capital Budapest by 2015. The move is required so that the Hungarian authorities can repay the EC with loans used to fund the construction a new line for Budapest’s underground metro system. The Hungarian Government earlier failed to pass a proposal to introduce the congestion charge scheme in Budapest but the EC is pushing for this scheme to be implemented by 2015.

For more information on companies in this article

Related Content

  • Germany highway toll system being planned
    January 23, 2017
    Germany is pushing ahead with its plan to charge tolls for use of its national Autobahn highway network. The plans have attracted a high degree of controversy as Germany’s Autobahn system, the world’s first national highway network, has been free for use by car drivers since its inception in the 1930s. Truck tolling was first introduced some years ago on the Autobahn system and this latest development is intended to generate additional revenue that can be used to maintain and develop the network. With both
    Read More
  • Hungary road construction funding halt from EC
    July 21, 2015
    A dispute between the European Commission (EC) and Hungary has halted the flow of funds for road construction projects. The move has seen the EC officially suspending its payments for road construction projects in Hungary. This move means that funding worth €1.15 billion is not being provided. As a result, Hungary is now considering turning to the European Court of Justice to appeal for the funding stream to be revived.
    Read More
  • IRF World Congress: Road user charging
    October 16, 2024
    Where will the money come from to develop and maintain tomorrow’s sustainable road network, no mater in what nation? This was the focus of another session at the IRF World Congress in Istanbul of day of the three-day event.
    Read More
  • EU Commission adopts plan for €50 billion boost to European networks
    May 2, 2012
    The European Commission has tabled a plan which will fund €50 billion (US$68.7 billion) worth of investment to improve Europe's transport, energy and digital networks. It has also announced the Europe 2020 Project Bond Initiative which will be one of a number of risk-sharing instruments upon which the facility may draw in order to attract private finance in projects.
    Read More

Highlighted Content