Skip to main content

MK spends US$171.38 million on Hungarian road upgrades in 2012

The Hungarian national road management firm Magyar Kozut (MK) began road upgrade projects worth US$ 171.38 million (HUF 38bn) in 2012. The upgraded highways covered a total length of 360km. Development projects were carried out in line with the country's Regional Development Operational Programme (ROP) as part of Hungary's New Szechenyi Plan (USZT). Meanwhile, it has also been revealed that around $496.78 million (HUF 110bn) has been allocated for road renovation works in total by the end of 2013.
January 4, 2013 Read time: 1 min
The Hungarian national road management firm 7071 Magyar Kozut (MK) began road upgrade projects worth US$ 171.38 million (HUF 38bn) in 2012. The upgraded highways covered a total length of 360km. Development projects were carried out in line with the country's Regional Development Operational Programme (ROP) as part of Hungary's New Szechenyi Plan (USZT).

Meanwhile, it has also been revealed that around $496.78 million (HUF 110bn) has been allocated for road renovation works in total by the end of 2013.

For more information on companies in this article

Related Content

  • Chinese investment
    February 6, 2012
    China's Ministry for Transport reveals that it beat its target for upgrading rural roads during 2009. Some 381,000km of rural roads were improved, beating the target of 300,000km by a considerable margin.
  • Hungarian bypass contract for STRABAG
    September 14, 2021
    STRABAG has been awarded a major Hungarian bypass contract.
  • West Russia to benefit from more than €2bn investment in road upgrades
    October 31, 2013
    Road construction and renovation works worth more than €2billion combined are earmarked for three different areas of west Russia. Highways construction and renovation projects valued at €347.2 million (RUB 15.19 billion) will be carried out in Moscow’s new southwest territories under the Russian capital's targeted investment programme. During the works, some 12.8km of roads will be built in 2014, 8.7km in 2015, 19km in 2016, and 19.9km in 2017. Elsewhere, the Krasnodar region plans to allocate over €1
  • Budapest’s Széchenyi Chain Bridge to reopen
    November 29, 2022
    The 380m-long suspension bridge in the Hungarian capital was built between 1839 and 1849 and was the first permanent bridge connecting the towns of Buda and Pest, lying on opposite banks of the Danube River.