ADVERTISEMENT

Government seeks alternative to M4 motorway project

Recycling

Following the European Commission’s rejection of Hungaryʼs proposal for the M4 motorway, the government is currently devising a plan to connect Szolnok, in central Hungary, with the existing M5 motorway via a four-lane highway, cabinet chief János Lázár said at a press conference yesterday, according to Hungarian news agency MTI. 

The EC rejected Hungary’s application for funding for the construction of the 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.

Construction company Közgép said late yesterday that it won a contract to build a portion of the M4 in a legitimate tender. Strabag, which also won a contract to build part of the M4, said that it bid the lowest at a price on par with average motorway construction costs in Hungary.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.