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

  • Road tender process opening in Israel
    April 24, 2012
    The Israel National Roads Company has published the tender documents for the upgrading of road No 4 between Ashdod port and the Greater Tel Aviv region. The project involved widening the road by adding a third lane in both directions between Ashdod and Rishon LeZion.
  • Highway work planned for Serbia
    August 10, 2012
    A series of major highway construction and road repair projects is planned for Serbia. The World Bank (WB), the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have all been in talks with the Serbian Government concerning funding for the work. Funding worth €408.46 million has been approved by the three banks for programme of highway construction and road repairs.
  • Morocco's road future
    February 6, 2012
    Morocco is spending 2.8% of its annual budget on maintaining and building roads as part of its 2008-2012 plan. For 2010, the state will allocate a budget of US$777 million on roads, a significant increase over the $413.6 million spent in 2006.
  • Colombian road projects being planned
    March 5, 2021
    A series of major Colombian road projects is being planned.