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.
Finance & Funding

For more information on companies in this article

Related Content

  • €17 billion for military road upgrades
    August 8, 2025
    Europe will invest €17 billion in roads to handle heavy for military traffic.
    Read More
  • Slovakia’s major road safety gain
    June 13, 2014
    Slovakia is having major success in cutting road deaths. A report from the European Transport Safety Council (ETSC) reveals that Slovakia has made the most progress in saving lives since an EU target to halve road deaths by 2020 was set four years ago. Official data shows that 26,025 people died as a result of road crashes in the EU in 2013, while 199,000 were seriously injured. There is concern that the numbers seriously injured in road crashes are not falling at same rate as deaths and there has now been
    Read More
  • Austria, Hungary, Slovenia set up middle Europe driverless region
    April 3, 2018
    The transport ministers of Austria, Hungary and Slovenia have signed an agreement to cooperate on the development of autonomous vehicles and e-mobility. The agreement advocates creating an Austrian-Hungarian-Slovenian driverless region to help develop and understand the latest mobility technologies and vehicles, according to a report in the Austrian newspaper Oberösterreichische Nachrichten. A test-track for autonomous vehicles stretching from Graz, Austria, to Zalaegerszeg in Hungary, via Maribor, Sl
    Read More
  • China looking to export construction machines
    March 16, 2012
    Chinese firms are looking to develop overseas sales but are using very different strategies – Mike Woof reports. Aggressive expansion plans will see Chinese manufacturers boosting overseas sales in coming years. These companies are developing bigger sales profiles around the world, particularly in emergent markets such as Africa, the Middle East and Latin America. It is worth noting too that Chinese products continue to gain in terms of quality and performance. For LiuGong, Sany, Shantui, XCMG and Zoomlion
    Read More

Highlighted Content