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

  • Chinese firms to work on Serbia’s Corridor 11 project
    November 30, 2015
    Serbia and China have signed a memorandum of understanding for construction of two sections of Serbia’s Corridor 11. The MoU was inked in during Serbian Prime Minister Aleksandar Vucic’s visit to the Chinese capital Beijing last week. Serbia’s Tanjug news agency reported that Vucic said the deal was worth around €209 million and included construction of the 18km Surcin-Obrenovac bridge. Corridor 11 runs from the Serbian capital Belgrade southwest to the border with Montenegro, another member state of
    Read More
  • Slovakia’s transport infrastructure budget on track
    February 26, 2019
    Slovakia is on track with its transport infrastructure development programme, following a substantial budget set during 2018. Contracts worth a total of €1.5 billion were drawn up in 2018 for an array of transport projects. These include building new highway sections and upgrading existing sections of road or new bridges, as well as developing the country’s rail network. However, some of the funding available remains unspent. EU subsidies had been set to help pay for Slovakia’s transport improvements but b
    Read More
  • Switzerland’s new tunnel bore being built
    April 19, 2018
    A major new road tunnel project is being constructed in Switzerland – Mike Woof writes Construction work is now underway in Switzerland for the new Belchen Tunnel bore, a project that has resulted from the country’s long-term infrastructure planning. The building of this latest tunnel is important for Switzerland economically as it will deliver an upgraded link for a major transport infrastructure connection. When it is complete, the tunnel will form part of the vital A2 route between Basel, in the north
    Read More
  • Kazakhstan road improvement – funding found
    May 21, 2018
    An important highway stretch in Kazakhstan will now be upgraded thanks to funding from the International Bank for Reconstruction and Development (IBRD). The US$490 million finance package comes in the shape of a loan and will be used to improve the highway connecting capital Almaty with Khorgos, which lies on the border with China. The 297km highway section will cost $576.5 million to upgrade in all.
    Read More

Highlighted Content