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

  • Modern road system is 'a must'
    August 2, 2012
    Australia's GDP could see a major increase if traffic bottlenecks in big cities were to be removed, and the government is addressing this as a matter of urgency A modern road system is a must in Australia where it is estimated that the removal of traffic bottlenecks could potentially raise the country's GDP by 0.8%. According to the Committee for Economic Development of Australia (CEDA), which made the prediction, infrastructure bottlenecks (particularly in cities, which account for over 70% of the country'
    Read More
  • TRA 2014 showcases the best of cutting-edge transport research and thinking
    July 1, 2014
    Despite tight finances due to the current global economic climate, the recent Transport Research Arena (TRA) 2014 show in Paris showed how innovative transport research, largely using cutting-edge ITS, is creating safer and smarter highways of the future. Guy Woodford reports How far can you drive around a car race track with no other vehicles on it on half a glass of fuel while attempting to maintain a speed of 60kph? After taking up the challenge offered by the Eco Driving Simulator using SiVIC (Simulatio
    Read More
  • London expected to become EV capital of Europe, says Frost & Sullivan
    March 16, 2012
    The array of initiatives such as the ‘Plugged-in Place’ project and eco incentive programmes in diverse locations of the United Kingdom, have made the ownership and the use of electric vehicles a reasonable option.
    Read More
  • Developments in tolling technology
    February 27, 2012
    Jason Barnes reviews the last few decades and the future of tolling technology. Tolling and charging technology has evolved significantly over the last three decades and that evolution is perhaps best illustrated by reductions in or complete removal of impedances to physical progress. Once, it was customary for a driver to pull up to a barrier, make some form of cash payment to a human operative in a booth, and then wait for the barrier to be raised before proceeding. Humans were eventually complemented and
    Read More

Highlighted Content