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

  • US$201.5 million loan for Ivory Coast road
    October 7, 2024
    A US$201.5 million loan will help pay for an Ivory Coast road project
    Read More
  • Albanian road investment
    May 15, 2012
    The European Bank for Reconstruction and Development (EBRD) is providing major funding in Albania’s road network. A loan worth €53 million will help pay for the construction of the new Fier and Vlore bypasses. This loan will aid further development of the Albanian road network and boosting economic integration in the country by co-financing the construction of the two bypass roads, located in south-western Albania. The EBRD loan is structured in two tranches and will be used by the Albanian Road Authority t
    Read More
  • Paraguay’s key road widening works commencing
    April 17, 2019
    Widening work is planned for Route 2 and Route 7 in Paraguay. These highway stretches play important transport roles for the country, linking with capital Asuncion and also connecting the Eastern and Western borders of the country with neighbouring Argentina and Brazil. Construction work is due to commence in mid-2019, although the complete financing package for this PPP project has yet to be finalised. Funding of around US$500 million will be needed for the work, with the project being Paraguay’s first PPP
    Read More
  • EIB aids funding for Poland's A2
    July 12, 2012
    The European Investment Bank (EIB) will help funding of the A2 highway project in Poland, which has faced financing problems due to the economic crisis. The EIB is making an exception to its usual policy by granting to Polish company Autostrada Wielkopolska credit that covers over 50% of the costs of the construction work for a highway section. The EIB will provide €1 billion for the A2 investment and to create an option of an additional €200 million. The total value of the investment, which is expected to
    Read More

Highlighted Content