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

  • STRABAG strong in mixed market conditions
    April 30, 2025
    STRABAG says it is strong despite facing mixed market conditions.
    Read More
  • Upgrades to Fort McMurray airport will aid Canada’s oil industry
    August 21, 2013
    Canada’s vast tar sands operation is providing a major financial boost to the country and this industry has relied heavily on Fort McMurray airport. Situated in Alberta, Fort McMurray is a remote town that has seen a huge expansion following the upturn in activity in the tar sands operations nearby. Although the massive resource has been worked for decades, only in the last 15 years or so have new extraction methods made the operation truly economic. Since 2010 Fort McMurray’s population has increas
    Read More
  • Strabag tips stable progress in 2014, mirroring 2013 performance
    February 17, 2014
    Strabag’s output volume remained stable in 2013 reaching €13.573 billion - down just 3% compared to the €14.042 billion recorded in 2012. The construction firm’s first full year figures for 2013 also reveal an order backlog up by only 2% to €13.469 billion from €13.202 billion the previous year. Strabag says it expects output volume to remain stable in 2014 at €13.6 billion, with EBIT (earnings before interest and taxes) of at least €260 million – similar to the level forecast for 2013.
    Read More
  • Italian highway link completed
    January 24, 2017
    A challenging road construction project is being carried out in Italy within a tight timeframe, with assistance from a new Marini asphalt plant. The project is for the Salerno-Reggio Calabria highway and the work has to be completed before the end of 2016. Local contractor Bulfaro is carryiing out the work to complete surfacing work to the Macrolotto 3.2; a 40km section of the highway between Laino Borgo and Campotenese. This section of the route is at an altitude of over 800m but the work was complicated b
    Read More

Highlighted Content