Skip to main content

Hungary road construction funding halt from EC

A dispute between the European Commission (EC) and Hungary has halted the flow of funds for road construction projects. The move has seen the EC officially suspending its payments for road construction projects in Hungary. This move means that funding worth €1.15 billion is not being provided. As a result, Hungary is now considering turning to the European Court of Justice to appeal for the funding stream to be revived.
July 21, 2015 Read time: 1 min
A dispute between the 2465 European Commission (EC) and Hungary has halted the flow of funds for road construction projects. The move has seen the EC officially suspending its payments for road construction projects in Hungary. This move means that funding worth €1.15 billion is not being provided. As a result, Hungary is now considering turning to the European Court of Justice to appeal for the funding stream to be revived.

For more information on companies in this article

Related Content

  • New German road tunnel proposed
    February 21, 2023
    An important new German road tunnel is being proposed.
  • Hungary estimates road renovation spend for 2015
    June 18, 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
  • EC is investing in key transport projects
    October 30, 2013
    The European Commission has selected some 172 transport infrastructure projects to receive EUR €1.6 billion in funding. The projects are all listed as high priority targets for the trans-European transport network (TEN-T) programme. The various projects have been selected as they have all been identified as providing major improvements to Europe’s transport infrastructure. A total of 53 priority projects will receive €1.044 billion.
  • Road sector drives European construction’s recovery
    June 27, 2017
    The European road building market is forecast to grow strongly in real terms from now to the end of 2019, as a strengthening economy boosts construction, creating investment and jobs.