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

  • Tender evaluation nears for Croatia’s Peljeski Bridge Project
    September 22, 2017
    Croatia’s roads agency Hrvatske Ceste will soon start evaluating tenders for the controversial Peljeski Bridge project, according to national media. Bids for construction of the four-lane 2.4km long bridge have been submitted by the China Road and Bridge Corporation, Austria's Strabag as well as consortia headed by Italy’s Astaldi and the Turkish company Ictas. The bridge will connect Croatian territory by traversing the Adriatic Sea’s Mali Ston Bay.
    Read More
  • Hungary highway being built
    January 19, 2017
    Hungary’s M44 dual carriageway project looks set to be further extended by around 61.4km. Plans are being set for the construction of an additional three sections of the route, with the work looking to cost in excess of €471 million. The three sections will be constructed between the towns of Tiszakurt and Kondoros and as the latter lies close the border with Romania, this work will improve Hungary’s road links to its neighbour. The Hungarian contractors Duna Aszfalt and Hodut will build two stretches of th
    Read More
  • EC Harris appointed by Ecomouv consortium for Ecotaxe system
    April 24, 2012
    EC Harris, the global built asset consultancy, has been appointed by the Ecomouv consortium to monitor construction progress, expenditure and testing on the new French Ecotaxe truck tolling system which is scheduled to be introduced across the country by mid-2013. The Ecotaxe scheme will see a levy imposed on all French and foreign heavy good vehicles (HGV) that travel along the 15,000km of national and departmental roads throughout France. Each HGV subject to the tax will have technology installed onboard
    Read More
  • FETC innovation from Highway Toll to ITS Taiwan smart city
    March 6, 2017
    FETC innovation from Highway Toll to ITS Taiwan smart city – a Global Road Achievement Award winner says IRF. The Far Eastern Electronic Toll Collection Company (FETC) has a bold vision for the future. FETC has achieved the most successful BOT project for ITS traf_ c management; it turns the traditional highway toll collection system into an integrated intelligent electronic toll collection (ETC) system for mobility management.
    Read More

Highlighted Content