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 wins Uganda road contract
    February 13, 2020
    Contractor STRABAG is to rebuild a section of road in Uganda.
    Read More
  • Tunnel project for south German town to restart
    August 5, 2019
    Construction work is to restart on a new tunnel project in the South German town of Garmisch-Partenkirchen following the necessary approvals having been received. The town lies to the south of Munich and is a popular winter ski resort, while in summer it also experiences heavy tourist traffic as it lies on a key route between Germany and Austria, as well as Italy, lying to the south. The busy Autobahn 95 connects Munich’s southern side with Garmisch-Partenkirchen. But this route ends just to the northern si
    Read More
  • Poland: A1 tender attracts 11 offers, including one from Strabag
    February 19, 2015
    Construction of a 15.2km section of Poland’s A1 motorway has attracted 11 bids. A Strabag consortium made the lowest bid for the section, between Pyrzowice and Rzasawa, coming in at €146 million. A consortium formed by Polaqua and Dragados was the second lowest, at €156.4 million. The highest bid was €183.4 million. The contract calls for a construction period of 30 months. Meanwhile, the province of Mazowsze, or Masovia, with its 5.5 million inhabitants and the capital Warsaw, will get nearly €2.1 billion
    Read More
  • Mexican highway projects underway
    July 16, 2015
    The Mexico’s Secretariat of Communications and Transport (SCT) has confirmed that a total of 1,474 road infrastructure contracts were granted in the first half of 2015. This work is costing in the region of US$1.02 billion. A total of 74% of these contracts were awarded to Mexican companies, whilst 26% corresponded to foreign firms. SCT informed that 31 projects were concluded so far in 2015 and added that 12 additional initiatives were expected to be completed by the end of the year.
    Read More

Highlighted Content