NIF pays companies HUF 33 bln for canceled M4 highway

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Hungaryʼs National Infrastructure Development Company (NIF) paid HUF 32.9 billion to companies for their contribution to construction on the now canceled M4 highway, Róbert Homolya, a commissioner for the prime minister said on Friday, Hungarian news agency MTI reported this morning.

Talks on settling the cost of work already completed by the companies are expected to wind up by the first quarter of next year, Homolya said according to MTI’s report.

After the European Commission expressed concerns over the relatively high cost of the planned highway connecting Szolnok and Budapest, the Hungarian government decided to scrap the project.

Prime Minister Viktor Orbán in June announced a proposal to expand the No. 4 road between the the two cities and turn it into a four-lane highway by 2019, Hungarian news agency MTI reported. Orbán signed a cooperation agreement with Szolnok mayor Ferenc Szalay on the matter.

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