Hungary's National Infrastructure Development Company (NIF) has issued a tender for construction of roads necessary to reach a planned MotoGP motorcycle track in the village of Savoly near Lake Balaton, the latest issue of the Public Procurement Gazette reveals.

The deadline for bids to build the approximately 1km of roadway is April 19. The winner of the tender is scheduled to be announced on April 29.

The roads must be completed by June 15 of this year.

The Hungarian Development Bank (MFB) will sign a HUF 15.3bn (EUR 57.2m) credit contract for the planned motorcycle racetrack near Lake Balaton if all conditions regarding the credit and the collaterals are in order as judged by the bank and its legal advisors , Minister of the Economy Istvan Varga said in a televised interview late on Sunday.

Prime Minister Gordon Bajnai asked the economy minister on February 26 to take immediate measures to see that an impact study of a planned motorcycle racetrack near Lake Balaton is made public as soon as possible. The request followed a report the previous day that finance ministry experts said in an internal document that state support for the planned construction of the MotoGP racetrack was too risky, uneconomical and unlawful.

The government decided last fall to grant HUF 20bn in state subsidies and a state-guaranteed MFB loan of at most HUF 15.3bn for Savoly Motorcentrum Fejleszto, which is building the HUF 40bn racetrack called Balatonring. However, Finance Minister Peter Oszko has still not signed the contract.