The European Commission has announced EUR 265 million in Cohesion Fund support for the construction of a section of motorway connecting Budapest with the Romanian border.
The section, between the towns of Berettyóújfalu and Nagykereki, in southwest Hungary, should be completed in March 2020. It will connect with a section of the M35 motorway which runs from Debrecen.
Construction of the section will reduce travel time between Budapest and the Romanian border to less than 2 hours and 40 minutes, the EC said.
"The Hungarians and Romanians will be the first beneficiaries of this project, with a faster, safer connection from Budapest to Bucharest. But ultimately all Europeans and the European economy as a whole will benefit from better connectivity in the region and its positive spillovers for trade, tourism and growth," said Commissioner for Regional policy Corina Creţu.