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

  • Decision due on Romania’s €1.2bn Comarnic-Brasov highway contract
    December 11, 2013
    Two competing consortia are due to find out tomorrow (December 20 2013) which one has won the estimated €1.2 billion (US$1.65 billion) contract to build the Comarnic-Brasov highway section in Romania. The Vistrada Nord consortium formed of Vinci of France, Strabag of Austria and Aktor of Greece, and another consortium involving Impreglio and Salini of Italy are vying for the prized works. The Comarnic-Brasov highway section should be completed by the end of 2016, according to Narcis Neaga, general man
    Read More
  • Hungary's huge highway investment strategy
    February 27, 2012
    The Hungarian Government is lining up an impressive plan for infrastructure investment in the coming years.
    Read More
  • Historic Oakland Bay Bridge receives a new asphalt road surface
    March 31, 2014
    Part of an iconic US bridge has been given a new lease of life, as Mike Woof reports The western section of the historic Oakland Bay Bridge in the US state of California has recently benefited from a series of improvements to strengthen its structural integrity and also upgrade the running surface. Contractor OC Jones & Sons of Berkeley CA, paved large portions of the bridge, taking on two different projects as part of the work. First was placement of the specialised epoxy on the self-anchored suspension (S
    Read More
  • Carbon emissions discussion
    March 22, 2012
    Smarter steps to reduce carbon emissions are being proposed by a new study from The Chartered Institute of Logistics and Transport in the UK (CILT). With transport accounting for nearly 25% of the UK’s carbon emissions, and at a time when governments are agreeing to move forward together on reducing emissions, CILT is calling for a balanced approach to carbon management and better assessment of the carbon impact in making transport investment choices.
    Read More

Highlighted Content