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

  • Russian road projects for St Petersburg and Moscow
    May 16, 2018
    Contractor VAD now looks likely to carry out rebuilding work for the northern stretch of St Petersburg’s Ring Road. This section of the ring road runs between the Priozerskoye Highway and the Western High-Speed Diameter route. VAD’s bid for the 14.3km stretch has received approval from the tender commission. The work will cost just over US$100 million to be carried out and should be complete by November 2020.
    Read More
  • PPRS event: Road users’ concerns at the heart of the programme
    December 19, 2014
    Europeans are in two minds about whether their road transport has improved in the past five years, according to the latest European Commission’ Eurobarometer survey and report. According to 38% of respondents, road transport quality had gone up, but 40% said it had dropped, while 18% said there had been no change. Whatever the opinion on quality, 60% of respondents to the report’s survey considered congestion to be the most serious issue facing Europe’s roads. The survey highlighted the dominance o
    Read More
  • Road user charging comes to the UK?
    December 14, 2017
    A new funding scheme for England’s proposed Major Road Network was greeted with enthusiasm by local authorities which partly pay for road upkeep. But this enthusiasm may be premature, explains Alan Pauling*
    Read More
  • AIA’s UK ‘crumbling roads’ survey prompts call for greater Government funding
    March 14, 2013
    The annual national survey of UK local road network condition and funding claims there is a crumbling road crisis of increasing concern, prompting renewed calls for increased and longer term Government funding. Commissioned by the Asphalt Industry Alliance (AIA), the 18th Annual Local Authority Road Maintenance (ALARM) Survey was completed by 75% of councils across England and Wales and reports that the number of potholes filled over the last year rose to over two million - an increase of 29% on the previou
    Read More

Highlighted Content