Skip to main content

Hungary estimates road renovation spend for 2015

Hungary will spend just over €218 million (US$242 million) on road renovations this year, according to the State Secretary of the Hungarian Ministry of National Development. Laszlo Taso, head of infrastructure development within the ministry, made the announcement and said more than 500km of roads, both trunk and secondary, would be upgraded. Hungary announced in January that it is considering introducing a vehicle congestion charge scheme in the capital Budapest at the end of 2016. The scheme will he
June 18, 2015 Read time: 1 min
Hungary will spend just over €218 million (US$242 million) on road renovations this year, according to the State Secretary of the 6465 Hungarian Ministry of National Development.

Laszlo Taso, head of infrastructure development within the ministry, made the announcement and said more than 500km of roads, both trunk and secondary, would be upgraded.

Hungary announced in January that it is considering introducing a vehicle congestion charge scheme in the capital Budapest at the end of 2016. The scheme will help pay back European Union funding worth just over €565 million that was used to pay for the construction of the M4 underground line in the city.

For more information on companies in this article

Related Content

  • Hungary may introduce Budapest congestion charge
    January 16, 2015
    Hungary is considering introducing a congestion charge scheme to capital Budapest at the end of 2016. The aim of the scheme is to cut congestion in the city, with traffic jams and delays frequent particularly in the historic centre. The scheme will also help generate revenue that will pay back EU funding worth some €565.2 million, which was used to pay for the construction of the M4 underground line in the city.
  • EC may seek ‘infringement procedure’ if no Budapest congestion charge by 2015
    December 14, 2012
    The European Commission (EC) has urged authorities in the Hungarian capital Budapest to introduce the congestion charge in the city by 2015 at the latest or face EU legal sanctions, according to some press reports. Should the local authorities fail to take the step, the EC may launch an infringement procedure against Budapest. Thus, the city’s leaders would be obliged to repay EU funds worth €641.6 million (HUF 181bn) provided for building Budapest's Metro 4 underground line. Earlier this year, the Hungaria
  • Over US$380mn for Hungary road repairs in 2013
    June 11, 2013
    Around US$388.39 million (HUF 87bn) will be spent on road repairs in Hungary during 2013, according to State Secretary of the Hungarian Ministry of National Development (NFM) Sara Hegmanne Nemes. As a result, country roads with a total length of some 600kms will be repaired. The project will be financed from EU funds in line with the country's New Szechenyi Plan (USZT). In Jasz-Nagykun-Szolnok county, some 28.4kms of road will be renovated from $14.11 million (HUF 3.18bn). This includes the upgrade of a 5.4
  • Construction to start on Hungary’s revamped M4 project in 2016
    July 7, 2015
    The Hungarian government has announced that it will restart work on a new section of the M4 dual carriageway between Albertirsa and Ullo in 2016. Hungarian media reported that the government will invest around €192 million and no funding will come from the European Union, of which the country is a member. The two towns are around 25.5km apart, with Albertirsa closest to the capital Budapest at around 60km. The project should be finished some time in 2019, according to Hungarian media. The announcem