ADVERTISEMENT

Ft 1,800 bln to be spent on transportation developments in 2007-2013

Initiatives

Spending on transportation developments will amount to Ft 1,400 billion –Ft 1,800 billion during the 2007-2013 EU budget period, undersecretary at the Ministry of Economic Affairs Balázs Felsmann said on Friday. Capital for developments will also come from public-private partnerships, Felsmann said. Hungary's Trans Development Operative Program for the period is still being drawn up, but talks with public interest groups on the scheme are expected to start at the end of September, Felsmann said. After concentrating on building motorways during the past several years, the ministry aims to focus more on developing the country's network of connecting roads, as well as public transportation. Rail and water transport will also become priorities in order to provide an alternative to roads, which account for 80% of all goods transport. Felsmann noted that transport through Hungary would increase after neighbouring Romania and Bulgaria join the EU at the start of 2007, requiring further transport developments. (Mti-Eco)

ADVERTISEMENT

Households Make Net Withdrawals in April Figures

Households Make Net Withdrawals in April

Parl't Approves Amendments to Legislation on Judiciary Parliament

Parl't Approves Amendments to Legislation on Judiciary

Hungary Home Sales Drop 19% in May Residential

Hungary Home Sales Drop 19% in May

Tourism Nights Slightly up in April 2023 Tourism

Tourism Nights Slightly up in April 2023

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.