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EC halts M4 highway works

Telco

The European Commission rejected Hungary’s application for funding for the construction of the M4 highway, on suspicion of cartel activity, as it found the construction cost of HUF 4 bln per km too high, Hungarian online daily index.hu reported.

According to the news portal, the EC found costs so high that it refused to allocate money for the works from its 2014-2020 budget. The cost of HUF 4 bln per km raises the suspicion of cartel activity the EC added.

As such, the construction can only be undertaken if the project is funded entirely by the Hungarian state, unless a new tender is advertised.

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