HUF 72 bln investment in M4 dual carriageway starts
The construction of a more than 44 km of dual carriageway on what will be the M4 to the southeast of the capital was launched on Friday in an investment of HUF 72 billion, according to Hungarian news agency MTI.
The M4 primary road is scheduled to be built in two phases, and could be handed over by the fall of 2019.
Minister for National Economy Minister Mihály Varga said the investment would strengthen the regionʼs economic potential.
The road replaces, in part, the earlier planned M4 motorway, which would have connected the capital with Szolnok. That project was scrapped early in 2015 after the European Commission raised concerns over the relatively high costs.
The M4 primary road will run between Üllő, on the outskirts of Budapest, and Cegléd, which is roughly 25-30 km west of Szolnok.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 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.