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

  • JP Autoceste eyes 2020 as completion date for Bosnia’s Corridor 5c
    March 3, 2016
    Around two-thirds of the Corridor 5c motorway project is expected to be completed by 2020, according to the director of the Bosnian motorways company JP Autoceste. Jasmin Buco said that 120km out of 337km of the motorway are complete. The corridor section, to connect Budapest with Ploce port in Croatia, is taking the most time. He said that the cost of the remaining part of the motorway is expected to be around €2.81 billion.
    Read More
  • Funding secured for Indonesia road project
    October 12, 2018
    A funding package has been secured that will help pay for a major road project in Indonesia. The project forms part of the Trans-Sumatra toll road and the funding comes in the shape of a loan worth US$600.45 million, which is being supplied by Indonesia’s Bank Negara. Hutama karya will use the loan to help pay for its work on the Terbanggi to Kayu Agung stretch of the Trans Sumatra road project.
    Read More
  • Texas highway contract awarded to Ferrovial
    April 16, 2021
    A key Texas highway contract has been awarded to Ferrovial and its subsidiary.
    Read More
  • Regensburg road revamp will widen key stretch
    February 16, 2018
    Work is now commencing on widening a stretch of the A3 Autobahn where it passes through the Bavarian city of Regensburg. The 15km section of the A3 will be widened from its present two lanes to three lanes. The project is costing €270 million and will be carried out on the section from the junction between the A3 and B8 at Rosenhof to the east of Regensburg and running 15km westwards, past the junction with the A93 Autobahn route that connects with the A9 and Munich to the south. This work is needed as the
    Read More

Highlighted Content