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

  • Better road safety reduces Europe’s casualty figures
    April 1, 2014
    Improving road safety in the EU has resulted in a drop in the fatality rate. Official figures just released show that the number of people killed on Europe's roads fell by 8% in 2013. This follows on from the drop in fatalities of between 2011 and 2012. These provisional figures released by the European Commission provide grounds for optimism and Antonio Avenoso, executive director of the European Transport Safety Council (ETSC) said, “We welcome the reduction in the number of road deaths in Europe last yea
  • Vietnam highway construction project facing halt
    March 5, 2020
    A Vietnam highway construction project is facing a halt to works.
  • A new road safety drive will cut crashes in Europe
    February 22, 2013
    The ERF is amongst the campaigners for a safer road network. Safety is of crucial importance given the large number of fatalities on Europe’s road network. In 2012 alone, more than 30,000 people died on European roads, resulting in a negative impact on social, economic and health factors. Road safety has become a priority not only for the EU institutions but also at international level for the United Nations with the launching of the Decade of Action for Road Safety. Traditionally, improvements in road safe
  • Funding found for Romanian road
    January 20, 2015
    A €305.7 million loan is being provided to Romania through the European Commission. This will be used to to fund the construction of the Cernavoda-Constanta section of the Sun Highway. The loan will not have to be repaid as it will fall under the Cohesion Fund. The Romania retroactively requested the EU to fund the Highway after contracting with the European Investment Bank in 2005 for a loan to cover construction costs.