Hungary may introduce Budapest congestion charge

Hungary is considering introducing a congestion charge scheme to capital Budapest at the end of 2016. The aim of the scheme is to cut congestion in the city, with traffic jams and delays frequent particularly in the historic centre. The scheme will also help generate revenue that will pay back EU funding worth some €565.2 million, which was used to pay for the construction of the M4 underground line in the city.
January 16, 2015 Read time: 1 min
Hungary is considering introducing a congestion charge scheme to capital Budapest at the end of 2016. The aim of the scheme is to cut congestion in the city, with traffic jams and delays frequent particularly in the historic centre. The scheme will also help generate revenue that will pay back EU funding worth some €565.2 million, which was used to pay for the construction of the M4 underground line in the city.
Finance & Funding Highway & Network Management

Related Content

  • Pollution-free highways of the future: a reality?
    February 9, 2018
    More collaboration is needed to reduce the impact of highways on the environment, particularly air quality. The technology already exists, argue Bram Miller* and Martin Broderick* The European Environment Agency produced a report showing that a slow improvement in air quality has been observed across Europe. However, 9% of urban Europeans were exposed to nitrogen dioxide emissions in excess of the EU’s annual maximum limit in 2015. Meanwhile, associations between highways and the environment tend to be n
    Read More
  • Angry UK councils want utility companies to pay for road closures
    August 17, 2016
    An umbrella body of 370 local authorities in the UK wants towns and cities to charge utility companies for digging up roads and disrupting traffic. The Local Government Association, representing English and Welsh members says too many roads are blocked due to lane closures because of digging to repair pipes and communication lines. The LGA said it should be easier for local councils to introduce lane rental schemes if needed, without the requirement to get approval from the central government. A la
    Read More
  • A new tunnel project for Turkey is a significant move
    December 12, 2012
    The European Bank for Reconstruction and Development (EBRD) is supplying a finance package worth US$150 million for the new Bosphorus crossing project in Turkey. Running under the Bosphorus at Istanbul, the new tunnel will connect both European and Asian sides of the city. The EBRD’s $150 million loan completes $1.4 billion worth of financing required for the Eurasia Tunnel project, being built under the Bosphorus straits. Other components of the $1.4 billion financing package for this PPP project include a
    Read More
  • Asecap Days – Istanbul 2023
    February 16, 2024
    The “vast lakes of data” collected daily by global highway operators are going to waste meaning opportunities to improve services and boost revenue are continually lost. This must change, reports Geoff Hadwick from the ASECAP Days 2023 conference in Istanbul.
    Read More

Highlighted Content