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

  • Colombian road projects being planned
    March 5, 2021
    A series of major Colombian road projects is being planned.
    Read More
  • Financing secured for Kenya road upgrade
    October 9, 2019
    Financing has been secured to pay for upgrading work for the road connecting Kenol, Sagana and Marwa in Kenya. The 84km route includes a stretch of the A2 road and will be widened to dual carriageway status, with two lanes in either direction and a central divider, rather than one lane in in either direction at present. Funding is being provided by the African Development Bank (AfDB) in the shape of loans worth US$237 million. The AfdB’s loan package will pay for around 69% of the work, with the People’s Ba
    Read More
  • Costa Rica connection construction commencing
    November 17, 2017
    Construction work is commencing on a major new road project in Costa Rica. The project will see improvement works carried out to the 107km route connecting Limon on the country’s eastern coast, with Rio Frio lying in the north, and close to the border with Nicaragua. The work is being carried out by the Chinese contractor China Harbour Engineering Company (CHEC). The first stretch of road to be upgraded will be the section of Route 32 close to Limon. In all the work is costing US$465 million, with some $395
    Read More
  • Costa Rica connection construction commencing
    November 17, 2017
    Construction work is commencing on a major new road project in Costa Rica. The project will see improvement works carried out to the 107km route connecting Limon on the country’s eastern coast, with Rio Frio lying in the north, and close to the border with Nicaragua. The work is being carried out by the Chinese contractor China Harbour Engineering Company (CHEC). The first stretch of road to be upgraded will be the section of Route 32 close to Limon. In all the work is costing US$465 million, with some $395
    Read More

Highlighted Content