Hungarian highway dispute for STRABAG

Austrian contractor STRABAG is facing a major challenge with regard to a highway project in Hungary. The Hungarian Government has decided to halt construction work on the M4 highway. STRABAG was working on the €106 million project to build the new highway. In addition, the Hungarian Government has further complicated the challenges faced by STRABAG and sub-contractors working on the project by calling for any subsidies given out so far to be repaid.
April 14, 2015 Read time: 1 min
Austrian contractor 945 STRABAG is facing a major challenge with regard to a highway project in Hungary. The Hungarian Government has decided to halt construction work on the M4 highway. STRABAG was working on the €106 million project to build the new highway. In addition, the Hungarian Government has further complicated the challenges faced by STRABAG and sub-contractors working on the project by calling for any subsidies given out so far to be repaid.
Finance & Funding

For more information on companies in this article

Related Content

  • Romanian road bids
    February 29, 2012
    Bidding is healthy for key road projects in Romania. Four companies and one consortium have submitted bids for the modernisation of the DN18 national road linking Baia Mare with Iacobeni.
    Read More
  • Australian state government does a deal with East West Connect
    April 15, 2015
    The state government of Victoria in Australia will pay the East West Connect consortium US$258 million to cancel construction of Melbourne’s East West Link road tunnel. The payoff is to cover the consortium's bidding, design and pre-construction costs and draw a line under the deal that has been mired in financial controversy for years. The federal government slammed Victoria’s decision to bail out of the project as “an obscenity’’ that will cost 7000 jobs, according to a report in The Australian news
    Read More
  • Machine guidance and asset management aid fleet utilisation
    July 16, 2012
    Integrating Caterpillar's latest machine guidance and asset management tools offers efficiency gains for contractors in a competitive market. Mike Woof reports Caterpillar has been a leader in the development of GPS machine control systems through its partnership with Trimble. The manufacturer has rolled out a series of AccuGrade packages for various machines in its line-up, starting with the dozers and graders and then spreading to other machines such as scrapers, excavators and soil compactors. Caterpilla
    Read More
  • German highway bill payments are being delayed
    April 26, 2021
    Germany’s state highway company is delaying bill payments.
    Read More

Highlighted Content