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

  • Reducing congestion while maximising safety in road construction work zones
    April 30, 2015
    Mike Dreznes, executive vice president at the International Road Federation (IRF) discusses road safety for work zone areas. Work zones around the world can create significant congestion and can cost society billions of dollars. Estimates in the United States alone include approximately 87,600 work zone crashes involving 37,500 injuries that result in 482 million lost hours, valued at approximately US$6.5 billion. When considering these numbers worldwide, it becomes clear that work zone safety and work zone
  • Hungary ponders road toll stickers move
    February 12, 2013
    The Hungarian government is reported to be considering a temporary usage-based road toll sticker system for transport vehicles until the completion of an electronic system. The move would aim to reduce losses in road toll tax collections due to the delay in setting up the new system. However, Antal Rogan, the head of Hungary's governing party Fidesz, has said that the country's budget for 2013 does not need to be amended due to the delay of the usage-based electronic road toll system. The extension of the c
  • Research highlights Italian construction equipment sector difficulties
    November 16, 2012
    Global turnover recorded by Italian construction equipment companies in 2011 totalled €2.69 billion. Despite their global turnover increasing by 6.4% in 2011 compared to levels achieved in 2010, Italian construction equipment company turnover is still down 42% compared to 2008. Details of Cribis D&B’s findings following research commissioned by the Unacea trade association were revealed during the recent Construction Equipment Day at Ecomondo Fair in Rimini, Italy. Further Cribis D&B figures for 2011 show
  • Emovis continues with Mersey Gateway tolling
    March 18, 2022
    Emovis provides collection of tolls and charges for both Mersey Gateway Crossing and the older 87m-long Silver Jubilee Bridge through its merseyflow brand name.