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

  • France earmarks €5bn for road works up to 2022
    September 28, 2018
    France will invest €5.1 billion in maintenance and construction of highways up to 2022 as part of a major transportation strategy. The money for highways is within €13.4 billion that the government pledged to invest in the general transportation sector. More than half of the money will be for railways. In September, the French government outlined its infrastructure spending priorities for the decade to 2028. The government is to prioritise investment at key rail hubs outside Paris. Half the total €13.4
    Read More
  • Increased infrastructure spending
    February 22, 2012
    With economies booming in the BRIC countries and other regions, spending on infrastructure is at a high - Patrick Smith reports As economic crisis grips much of the world, many countries are still spending billions on infrastructure to improve transportation. While the USA and Europe struggle with debt problems (and this has affected much of the rest of the world) the development of highways, airport, ports and other infrastructure is gathering pace in other regions to boost economic developments.
    Read More
  • Hungary to improve roads and invest in highways
    September 24, 2014
    Hungary’s huge highway programme will see close to €161 million being spent on upgrading some 500km of the country’s network. Hungary’s Ministry of National Development (NFM) plans for the work to commence in the first half of 2015 and completed by the second half of the same year. The cost of the work will be covered from EU funds in line with the country's Transportation Operative Programme (KOZOP). The work is needed as data from Hungary’s national road information source, Orszagos Kozuti Adatbank, revea
    Read More
  • EU loan for Hungary’s M4 from Budapest to Romanian border
    June 18, 2018
    The European Union will fund €265 million for construction of the last section of the M4 motorway, linking Budapest, Hungary with the Romanian border. The money will come from the EU’s Cohesion Fund that targets projects designed to boost local and regional economies and promote tourism. The link's starting point is at the junction where the M35 motorway, which connects Berettyóújfalu and Debrecen.
    Read More

Highlighted Content