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

  • Work starts on Komarno-Komarom Bridge between Slovakia and Hungary
    October 31, 2017
    Construction has started 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 will be covered by European Union’s Connecting Europe Facility. Completion is planned for winter 2019. Last summer it was announced that the Hungarian companies Hidepito and Meszaros es Meszaros had won the tender for the 600m bridge but with a price tag of just over €91 million, according to Hungarian media. It was also reported at the time
  • Kenya develops annuity road funding model
    May 8, 2015
    Kenya is introducing novel methods for funding its necessary road infrastructure development - Shem Oirere writes. Kenya has unveiled a new financing model for road construction and reviewed its design standards and construction methodologies, which forms part of a new strategy for the East African country. Under this new plan Kenya is planning to upgrade 10,000km of road, with these links featuring asphalt surfacing; the work being carried out over the next five years at a cost of US$2.8 billion. Despite t
  • Investing in East Africa's road sector to boost economic development
    April 14, 2020
    Investments in East Africa’s road sector are helping drive economic development as well as political stability
  • Tackling the UK's traffic congestion
    February 28, 2012
    The biggest problem on UK roads is congestion, and there is no shortage of ideas as to how it should be tackled. Patrick Smith reports. Congestion (and how to relieve it), along with safety, are among the top priorities facing those responsible for looking after the UK's roads. Road pricing, car-share lanes, greener vehicle initiatives and alternative methods of transport such as buses, trams and rail are all part of the approach, but prior to the current economic climate the nation's love affair with the c