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.
Finance & Funding

For more information on companies in this article

Related Content

  • Poland's ambitious highway construction plans
    July 10, 2012
    The European football championships are among a number of things pushing Poland's ambitious highway building programme. Patrick Smith reports. Poland is planning to spend a colossal €4.57 billion on road projects in 2009, a 35% increase over the previous year. T
    Read More
  • Sourcing road financing for East Africa’s network expansion
    December 4, 2015
    East Africa’s ambitious road expansion programme is seeing the network expand significantly – Shem Oirere writes The East Africa countries of Kenya, Tanzania, Uganda and Rwanda have announced ambitious road sector expansion plans in the 2015/16 financial year. This is despite their national budgets being weighed down by huge deficits and persisting lack of capacity to spend resources allocated to the sector in previous years. With the huge budget deficits, the countries will have to look for alternati
    Read More
  • Albanian road investment
    May 15, 2012
    The European Bank for Reconstruction and Development (EBRD) is providing major funding in Albania’s road network. A loan worth €53 million will help pay for the construction of the new Fier and Vlore bypasses. This loan will aid further development of the Albanian road network and boosting economic integration in the country by co-financing the construction of the two bypass roads, located in south-western Albania. The EBRD loan is structured in two tranches and will be used by the Albanian Road Authority t
    Read More
  • MK spends US$171.38 million on Hungarian road upgrades in 2012
    January 4, 2013
    The Hungarian national road management firm Magyar Kozut (MK) began road upgrade projects worth US$ 171.38 million (HUF 38bn) in 2012. The upgraded highways covered a total length of 360km. Development projects were carried out in line with the country's Regional Development Operational Programme (ROP) as part of Hungary's New Szechenyi Plan (USZT). Meanwhile, it has also been revealed that around $496.78 million (HUF 110bn) has been allocated for road renovation works in total by the end of 2013.
    Read More

Highlighted Content