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Magyar Aszfalt wins repaving tender with HUF 427 million bid

Magyar Aszfalt has won a tender for the temporary renovation of one of Budapest's main traffic arteries with a bid of net HUF 427 million, the latest issue of the Public Procurement Gazette reveals.

Magyar Aszfalt will tear up more than two kilomet

ers of Thököly út, about half of which is cobblestone, and repave it. It will also replace some paving stones along a tram line and build bus stops. The local council of Budapest had estimated the project would cost net HUF 580 million. Magyar Aszfalt beat one other bidder in the tender.