Gov't announces HUF 10.4 bln tender for construction company upgrades

Construction

The government is inviting applications for HUF 10.4 billion in grant money to support technology upgrades and efficiency improvements at microbusinesses and SMEs in the construction sector, state secretary Attila Steiner said on Monday, according to state news wire MTI.

Applications will be assessed and grant money decided on a case-by-case basis, Steiner said. Microbusinesses may apply for between HUF 8 million and HUF 50 mln, and SMEs for HUF 25 mln-400 mln, he added.

Applications will be accepted starting February 15.

The tender is the fifth such one that aims to support the modernization of the construction sector based on market demand. Earlier tenders were called in 2018 and 2019.

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