January 8th, 2010

State infrastructure company signs contract on Ft 35 billion motorway stretch

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Hungary’s National Infrastructure Development Company (NIF) on Thursday signed a contract with a consortium of construction companies on a HUF 34.8bn expansion of the southern section of the M0 ring road around the capital.

Work on the 11-kilometre section is expected to start in 2-3 months and finish by the summer of 2012, said NIF investment director Janos Galuska.

The consortium of A-HID Epito, KOZGEP, STRABAG-MML, MAGYAR Aszfalt and COLAS Hungaria was announced the winner of the tender to build the section on December 23, after a decision by the Public Procurement Arbitration Board (KDB).

European Union funding of HUF 111.3bn will cover 85pc of the cost of building the entire southern section of the M0 motorway.

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