Hungary road project, funding secured

Funding has been secured to help pay for an important road project connecting Hungary with neighbouring Slovakia. The EU is supplying €552.6 million, which will be used to improve the motorway that connects Hungary’s industrial city Miskolc with Tornyosnémeti, lying on the border with Slovakia. The work will include widening a 60km stretch of the existing route and constructing 48 new bridges. Construction is expected to be complete in the first quarter of 2022. The project is being financed through the EU’
September 11, 2019 Read time: 1 min
Funding has been secured to help pay for an important road project connecting Hungary with neighbouring Slovakia. The EU is supplying €552.6 million, which will be used to improve the motorway that connects Hungary’s industrial city Miskolc with Tornyosnémeti, lying on the border with Slovakia. The work will include widening a 60km stretch of the existing route and constructing 48 new bridges. Construction is expected to be complete in the first quarter of 2022. The project is being financed through the EU’s Cohesion Fund and is expected to reduce congestion, while boosting capacity and safety on the route.

Finance & Funding

Related Content

  • New Slovakia-Hungary bridge crossing
    June 7, 2019
    A new bridge connecting Slovakia with Hungary is under construction at present. Costing €117 million, the bridge spans the River Danube connecting Komarno in Slovakia with Komarom in Hungary. The project has been delayed but the bridge should be ready for traffic in 2020. Funding for the project is being provided by the EU and is being directed through the Slovakian Government and the Hungarian Government.
    Read More
  • Funding for new Egyptian road tunnel project
    November 1, 2019
    Funding is being secured for a new Egyptian road tunnel project. improvements will be carried out along a 350km stretch of road connecting to the resort. New drainag
    Read More
  • Chinese firm for Cameroon highway contract
    February 8, 2024
    A Chinese firm will carry out a key Cameroon highway contract.
    Read More
  • Bosnia gets €750 million loan for Corridor 5C motorway
    March 1, 2018
    Bosnia has signed a European loan agreement worth €750 million for several sections of work on the Corridor 5V motorway project. Denis Zvizdic, head of government for Bosnia and Herzegovina, said the deal was signed in London during a recent investment conference on the western Balkans. Of the loan amount, the Federation of Bosnia and Herzegovina will get €500 million and the internal but autonomous Republika Srpska will receive €250 million. The money will be used for constructing four 70km sections of
    Read More

Highlighted Content