Draft Legislation to Foster Hungarian Construction Multinationals

Construction

Draft legislation on a framework for state construction investments aims to support the establishment of Hungarian construction industry multinationals, Minister of Construction and Investment János Lázár said at a conference organized by professional association Évosz this week, according to business daily Világgazdaság. 

Lázár said the draft legislation would be an "efficient tool" for creating construction industry businesses on a scale similar to that of oil and gas company MOL or OTP Bank, ones "capable of regional expansion." 

The draft legislation would establish a State Investments Interest Coordination Council, a non-government organization whose members would come from the construction profession and other interest groups, tasked with supporting the regulation of Building Information Modeling and shaping conditions for the public procurement system. 

Lázár said the draft legislation was the product of talks with 26 organizations that made 900 recommendations, a "large number" of which were included in the text. The government is set to decide on the draft legislation at a cabinet meeting today, and it could be submitted to parliament before the end of October, he added.

 

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