The European Commission has on Tuesday adopted a 4 billion euro investment package for 25 large infrastructure projects across ten member states. Hungary is one of them, as it will receive EUR 105.5 million (cc. HUF 34 billion) from the EU to upgrade the Budapest ring road, the EC announced today.
The EU Cohesion Policy invests EUR 4 billion of EU funds in 25 large infrastructure projects in ten Member States, including Hungary, the EU executive announced today.
The investment package involves Bulgaria, Czechia, Germany, Greece, Hungary, Italy, Malta, Poland, Portugal and Romania. The projects cover a wide range of areas: health, transport, research, environment and energy. With national co-financing, the total investment in these projects amounts to EUR 8 billion.
EUR 105.5 million will finance upgrades on the southern section of the Budapest ring road, with reconstructed roads, bridges and new cycle paths. The project involves the upgrading of 11.55 km of westbound route of existing 2x3 motorway M0 (Budapest Ring Road), in the Southern Sector between ch. 11.65 and 23.2.
The upgrade will involve pavement reinforcement from flexible to rigid on the entire section, the upgrading of two bridges (770 m-long Háros Danube bridge and 499m-long Soroksári Danube bridge ), including the modernisation of utilities and the creation of cycle paths. This project will cut travel time for the 90,000 vehicles circulating daily in the area concerned with positive impact on the environment, given the reduced emissions associated with congestion.
Total project cost is over EUR 124 million.
This project will shorten travel time and improve road safety for the 90,000 vehicles circulating daily in the area. In addition, it will reduce congestion by diverting traffic away from the city centre.
Workers in the Southern Sector of the M0 ring road at the M6 exit on 5 March 2019. The upgrade of the Southern Sector will start in early April.
According to information provided today, a total of 15 major projects have been approved in Hungary in the 2014-2020 programming period, with a total project cost of nearly EUR 3.2 billion, of which the EU provides over EUR 2 billion.
The sectoral breakdown of these projects is in the table below. Major projects are those that cost more than EUR 50 million (or EUR 75 mn in the case of transportation projects). A total of 258 major projects receive cohesion funds across the EU in the 2014-2020 programming period to the tune of EUR 32 billion.
Cover photo by MTI/ Szilárd Koszticsák
This article is part of the work programme titled "The impacts of EU cohesion policy in Hungary - Present and Future" which is carried out by Net Média Zrt., the publisher of Portfolio.hu, between 1st April 2019 and 31st March 2020 with European Union financing. The views in this article solely reflect the opinions of the author. The European Commission as the funding entity does not take any responsibility for the use of information presented in this article.
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