Hungary boosts road spend and budgets up to 2020

Hungary will spend €484.75 million on road construction projects in 2017. Around 1,350km of roads will be built. The Hungarian national road management firm Magyar Kozut Nonprofit will get access to a €1.28 billion for road maintenance purposes by 2020. Earlier this summer, the Colas Hungaria-Colas Ut consortium started work started on a new stretch of motorway in a contract worth around €54.74 million. The work involves building a new section of the M35 motorway connecting road number 481 with ro
September 14, 2016 Read time: 1 min
Hungary will spend €484.75 million on road construction projects in 2017.

Around 1,350km of roads will be built.

The Hungarian national road management firm 7071 Magyar Kozut Nonprofit will get access to a €1.28 billion for road maintenance purposes by 2020.

Earlier this summer, the Colas Hungaria-Colas Ut consortium started work started on a new stretch of motorway in a contract worth around €54.74 million. The work involves building a new section of the M35 motorway connecting road number 481 with road number 4 and the contract was awarded by the Hungarian national infrastructure development firm, NIF.

The government recently announced that it would spend around €96 million upgrading and putting in new bicycle paths in major tourist areas. Most of the projects are expected to be completed by 2018 and be done with monies from the European Union as well as federal cash.
Finance & Funding

For more information on companies in this article

Related Content

  • Colombia: Toyo Tunnel award to be made in September
    July 15, 2015
    The contract award for Columbia’s 9.75km Toyo Tunnel project will be made on September 28, according to Columbian media. The tunnel, costing almost US$760, will be part of a new 39km road between Santa Fe de Antioquia and Canasgordas. World Highways reported in January that the central government will contribute $216 million towards the project, the regional government of Antioquia department will contribute $337 million and the Medellin city government will pitch in with $212 million. Columbia’s N
    Read More
  • Hungary dual carriageway project planned
    December 15, 2017
    A new highway project is being planned in Hungary. The project calls for the construction of a new section of the M44 dual carriageway. The proposed section would link Lakitelek with Tiszakurt, measuring 10km. The construction of this section will include building two major intersections as well as a 556m long bridge spanning the Tisza River. The project is being planned by the Hungarian national infrastructure development company, NIF, which is handling the tendering process. The estimated cost of the work
    Read More
  • Demand diversity in the construction equipment sector
    June 1, 2015
    Demand within the global construction equipment manufacturing industry is anything but homogenous, with certain countries and sales regions significantly outperforming others, with a whole host of factors fuelling and suppressing each key market - Guy Woodford reports
    Read More
  • Skanska wins Norway E16 phase three
    November 26, 2020
    The winning bid for the 8.4km section from Bjørum to Skaret was €279 million.
    Read More

Highlighted Content