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Government to merge infrastructure and road development companies

The government decided to merge state-owned National Infrastructure Development (NIF) into the National Motorway Management Company (AAK) and will also consolidate a third state-owned road management company, Hungarian Road Nonprofit, into the company created by the first merger, a resolution published in the official gazette Magyar Kozlony on Friday shows.

NIF, set up in 2007, is responsible for road, motorway and railway developments.

AAK, set up in 2000, is currently responsible for operating and maintaining about three-quarters of Hungary’s motorway and highway network and for road toll collection. The remaining public road network is managed by Hungarian Road Nonprofit.

The government also approved the motorway management company’s use of a maximum HUF 30bn from its free funds for projects which are ongoing or in the planning stage, the resolution shows.