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

  • China to set up “international courts” for Belt and Road disputes
    February 6, 2018
    China plans to set up an “international court” for settling disputes among companies participating in Belt and Road transportation infrastructure work, according to Chinese media. The Global Time newspaper – with strong links to the communist government – reported that Chinese companies are facing more foreign-related lawsuits as they step up investment and business in countries covered by Beijing’s Belt and Road Initiative. The report called Belt and Road “a brainchild of Xi”, referring to Xi Jinping
    Read More
  • CT Ictas and Astaldi submit complaint over Peljeski Bridge award
    February 14, 2018
    Croatian media are reporting a dispute between two consortia and that of the China Road and Bridges over the Peljeski bridge project. Croatia’s national roads company Hrvatske Ceste chose China Road and Bridges but the decision is being challenged by a consortium led by the Italian firm Astaldi and one by Turkish CT Ictas. The two consortia submitted their complaints to the Croatian State Commission for Control of Public Ordering Processes in January only days after similar action by another consortia led
    Read More
  • Brazil’s Serra do Cafezal Highway
    July 29, 2015
    Brazil's improved Mercosur route will boost capacity and cut travel time - Mauro Nogarin writes. The Régis Bittencourt Highway is one of the main access routes of the Mercosur traffic. It has a length of 400km and connects the main cities of São Paulo and Curitiba, which allows for products to enter from the southeast toward the rest of the southern part of Brazil and later transit to Argentina, Paraguay and Uruguay. Products also flow into Brazil from Mercosur through this major highway. The cost of the hi
    Read More
  • Czech tender interest from international companies
    December 13, 2012
    The tender process for upgrade works on the D1 highway in the Czech Republic is attracting international bidding. The five sections of highway are worth €173.2 million in all, with investments of €59 million planned for 2012. Companies entering bids so far include Metrostav, Skanska, Strabag, Eurovia CS, Swietelsky Stavebni, OHL ZS, Dalnicni Stavby Praha. Bidders also include several consortia including one comprising M-Silnice, Bogl a Krysl and Berger Bohemia and one made up of Hochtief CZ and Silnice Casl
    Read More

Highlighted Content