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Hungary to spend Ft 7.5 bln repairing motorways in 2006

Hungary plans to spend Ft 7.5 billion forint repairing sections of motorways this year, Napi Gazdaság reported, citing the State Motorway Management Zrt (ÁAK).

ÁAK will start reconstructing some motorways next month and aims to renovate six overpasses this year, the newspaper reported.
Hungary will sell new shares worth 20%-40% in ÁAK to the public within six months and raise €1.18 billion through a bond sale to pay for road building, Minister of Economy and Transport János Kóka said May 9. It then will list the company on the Budapest Stock Exchange (BÉT).