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

  • Implementation of road building projects in Russia’s Moscow may be significantly delayed
    May 15, 2014
    Implementation of some large-scale investment projects for road building in Russia’s capital Moscow may be significantly delayed A series of major documentation issues are the cause of the problem. These have delayed projects for up to nine tenders on the total sum of US$2.6 billion (95 billion rubles), with anomalies having been found by the Russian Federal Anti-Monopoly Service.
    Read More
  • Malaysia highway deal planned
    January 13, 2021
    Construction work is planned for a key Malaysia highway connection.
    Read More
  • Machine control brings accuracy to US paving job
    November 2, 2012
    The historic city of Raleigh in North Carolina is one of the few cities in the US that was planned and built specifically to serve as a state capital and its population and traffic volume have grown enormously in recent years An indicator of Raleigh's growth has been the need for an expanded roadway system to serve Wake County. As early as the 1970s there were plans for a Western Wake Expressway. This developed into a 112km, interstate-grade beltway, known as the Raleigh Outer Loop, which will encompass Ral
    Read More
  • STRABAG raises 2011 and 2012 outlook
    February 29, 2012
    After a solid first quarter 2011, STRABAG, Central and Eastern Europe’s largest construction company, has raised its outlook for the financial years 2011 and 2012.
    Read More

Highlighted Content