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

  • Road transport must evolve in line with users’ needs
    April 12, 2012
    At its annual plenary meeting held on 25 May 2010, during the 16th IRF World Meeting in Lisbon, the European Road Federation (ERF) elected a new President in the person of Jacobo Díaz Pineda. Mr. Díaz Pineda has been the Director General of the Spanish Road Association (AEC) since September 2006, and is also President of the Ibero-American Road Institute (IVIA). We took advantage of his presence in Lisbon to ask him a few questions about his new responsibilities:
  • European police group TISPOL committed to helping cut road deaths
    April 2, 2015
    In its latest three-year strategic plan, the European Traffic Police Network has reaffirmed its commitment to the European Union’s road death reduction target of 50% by 2020. World Highways reported last month that road deaths fell by just 1% in the EU in 2014, according to data released by the European Commission. There were 25,700 road deaths across all 28 Member States of the EU. The European Commissioner of Transport, Violeta Bulc said at the time that the statistics give some cause for concern. S
  • Over US$380mn for Hungary road repairs in 2013
    June 11, 2013
    Around US$388.39 million (HUF 87bn) will be spent on road repairs in Hungary during 2013, according to State Secretary of the Hungarian Ministry of National Development (NFM) Sara Hegmanne Nemes. As a result, country roads with a total length of some 600kms will be repaired. The project will be financed from EU funds in line with the country's New Szechenyi Plan (USZT). In Jasz-Nagykun-Szolnok county, some 28.4kms of road will be renovated from $14.11 million (HUF 3.18bn). This includes the upgrade of a 5.4
  • Motorcycle type approval deal for Europe
    November 29, 2012
    The Members of the European Parliament have now approved the regulation on the approval of two- and three wheelers. This included a number of amendments which have been welcomed by motorcyclists as a compromise. The regulation is setting new rules and technical requirements for manufacturers who sell motorcycles in the European Union. The new rules were intended to improve safety for motorcyclists but in the original form, these would have been expensive to implement and would have resulted in substantial c