Surprising announcement: will Hungarian motorway development completely stop?
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The Hungarian government announced that they have “reviewed” the motorway concession contract. Due to the war and the sanctions against Russia, the government could reduce public expenditure.
In 2022, the Hungarian government announced that they have signed a concession contract with a development firm with close ties to Prime Minister Viktor Orbán’s friend, Lőrinc Mészáros. However, the government has now reviewed the contract and is ready to make changes, napi.hu reports.
The concession contract entailed that a private firm will be responsible for planning, operating, controlling, financing, and developing more than 2000 kilometres of the Hungarian highway system for 35 years for concession fees. Somewhat unsurprisingly, the tender was won by a private equity firm with close ties to Lőrinc Mészáros.
Motorway concession contract reviewed
However, out of the blue, the Hungarian government announced that they have reviewed this contract and decided to make some changes.
“As part of a number of other measures to strengthen financial stabilisation, the government has reviewed the 2022 concession contract for the operation and development of the motorway network, and as a result of the review, decided to amend the concession contract in order to reduce public expenditure,” the Prime Minister’s Office said in a short statement.
As napi.hu mentions, the statement does not explain what the modification of the concession contract and the reduction in expenditure actually mean, what it actually covers, or how that will affect traffic on Hungarian roads.
Stop the stealing and the EU will give the money. Basically that is it all in a nut shell…
so not just friends and relatives of FIDESZ creating thier own monopoly of the country is more to the point by saying it is in Hungarian interest every 5 seconds when the hands have been caught in the cookie jar time and time again.