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

  • Komarno bridge on schedule despite cost and environmental protests
    July 13, 2018
    Slovakia’s transport minister said he will do everything possible to finish on time a new bridge connecting Komano with the Hungarian town of Komarom. Construction started last year on the €117 million bridge over the Danube River between the Hungarian town of Komarom and the Slovak town of Komarno. Around 85% of the cost of the bridge - designed by Hungarian engineering firm Pont-Terv - will be covered by European Union’s Connecting Europe Facility. Completion is planned for winter 2019. Transport m
    Read More
  • Russia to commission new Moscow-St Petersburg highway by 2020
    June 20, 2017
    Final delivery of the final stretch for Russia’s key highway project looks set to be delayed – Eugene Gerden writes. I now looks as if Russia’s most ambitious project in the field of road building in recent years, the building of a new high-speed road link between Moscow and St Petersburg, the country’s largest cities, will not be complete in time. The project was set up by the Russian government and several private investors. According to initial state plans, building of the new road should have been compl
    Read More
  • Hungarian highway project faces finance change
    April 23, 2021
    The financing of a Hungarian highway project is changing.
    Read More
  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
    Read More

Highlighted Content