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

  • Costs rise for Berettyoujfalu-Nagykereki work
    June 8, 2021
    Hungary's deal with local companies A-Hid, Duna-Aszfalt and Hodut was signed in April 2017 for US$290 million.
    Read More
  • Cost increases for major Chilean highway project
    November 15, 2013
    The cost of Chile’s Vespucio Oriente highway project is increasing, while its completion also looks set to be delayed. A 13% budget increase is now required due to additional costs from a number of factors such as urban landscaping, according to Business News Americas. The Américo Vespucio Oriente (AVO) expressway is being built in Chilean capital Santiago and was originally expected to cost in the region of US$940 million. However Chile’s Public Works Ministry, MOP, has said that the route will now cost so
    Read More
  • Hungary boosts road spend and budgets up to 2020
    September 14, 2016
    Hungary will spend €484.75 million on road construction projects in 2017. Around 1,350km of roads will be built. The Hungarian national road management firm Magyar Kozut Nonprofit will get access to a €1.28 billion for road maintenance purposes by 2020. Earlier this summer, the Colas Hungaria-Colas Ut consortium started work started on a new stretch of motorway in a contract worth around €54.74 million. The work involves building a new section of the M35 motorway connecting road number 481 with ro
    Read More
  • Moscow city government to build relief roads and highways
    June 6, 2016
    Moscow’s congestion problems need addressing but there are different solutions that could provide the answer – Eugene Gerden writes Moscow’s city government is considering building relief roads to ease congestion on the city’s key roads and highways. This plan has been revealed by recent statements from Marat Khusnullin, deputy mayor for urban policy and construction of the Moscow city government.
    Read More

Highlighted Content