Porr aims to make its Hungarian unit one of the five biggest construction companies in Hungary within five years, Hegyi said. The company aims to boost Porr Budapest’s share of the group’s revenue to 10%-12% in two to three years, compared to just 0.7% in 2003.
Among Porr Budapest’s biggest projects over the last two years was the construction of a 58.6-kilometer stretch of the M6 motorway from Érd, south of Budapest, to Dunaújváros in central Hungary. Porr built the section in a consortium with Bilfinger Berger AG and Swietelsky Kft. The concession project will cost the Hungarian state a total of €508 million by 2026.
Porr Budapest is also building two stretches of the M0 motorway, both together with Hungarian peer Viadom Zrt and Austria’s Teerag-Asdag. The consortium is building the 6.7-kilometer stretch for net Ft 8.9 billion and the 11-kilometer section for Ft 19.6 billion.
Hegyi said Porr Budapest is also in a consortium with Austria’s Bilfinger Berger and Hungary’s Vegyépszer Zrt to build a station along the capital’s planned fourth underground line.
Porr has been present in Hungary for 25 years. It operates its own gravel pits and produces its own cement.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
