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

  • Tenders being opened in Brazil for highways and tunnel projects
    February 6, 2014
    A series of major project tenders are opening in Brazil. The Brazilian Government has announced five new road tenders to be launched in 2014. The highway sections run for a total distance of some 2,625km. This programme of works will lengthen the country’s highway network by some 2,282km, with the work costing an impressive US$7.39 billion in all. The roads include the BR-163, BR-364 and BR-153 in the Central West region, and the BR-476 stretch in the South, in addition to the Rio-Niteroi Bridge in Rio de J
    Read More
  • Study for Colombia’s key city route
    October 6, 2016
    A feasibility study is underway for the highway project to connect Colombia’s capital Bogota with the country’s second city, Medellin. The 427km route will be of major benefit to the country by cutting journey times between the two cities to around five hours. However the project looks likely to face serious challenges, particularly with regard to the topography of key sections of the route. Tunnels may have to be constructed to avoid some of the steeper climbs on the current route. Widening the existing ro
    Read More
  • Malaysia’s key highway project
    March 16, 2022
    Work continues for Malaysia’s key highway project.
    Read More
  • A-HID wins Széchenyi Chain Bridge work
    January 29, 2021
    The Hungarian capital Budapest had received four bids for the work.
    Read More

Highlighted Content