[REVISION HISTORY]
Hungary terminates 23 trillion forint highway concession
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2026-10-07 15:05 UTC → 2026-10-08 17:47 UTC ·
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The Hungarian government is moving to terminate the 35-year highway concession agreement valued at approximately 23 trillion forints. Prime Minister Péter Magyar announced that the business interests of Lőrinc Mészáros and László Szíjj, operating through MKIF Magyar Koncessziós Infrastruktúra Fejlesztő Zrt., have accepted the decision to end the contract. The government intends to initiate criminal proceedings following the termination. Minister of Transport and Investment Dávid Vitézy has provided specific economic justifications for the takeover, stating that the state management could manage reduce highway operations operation and maintenance costs by “53 percent more cheaply” percent” and perform major maintenance tasks “61 percent more efficiently” if responsibility is returned to than the state. current concession model. The government maintains the previous contract was unlawful and overpriced, noting its value had increased by nearly 50 percent from overpriced. In a related development, the original amount. Beyond terminating Ministry of Transport and Investment signed an 11-year operating contract for the agreement, M6 motorway section between Érdi-tető and Dunaújváros, valued at 44 billion forints. This contract was awarded to the government plans existing concessionaire that has operated the stretch for two decades. Minister Vitézy stated this decision results in a 105 billion forint saving compared to file reports and initiate criminal proceedings. a previously planned 149 billion forint arrangement, which the previous administration had intended to award to MKIF Zrt. has confirmed that negotiations with at a significantly higher cost. Furthermore, the Ministry Budapest Police Headquarters is investigating allegations of Transport and Investment are currently ongoing, though specific details have not been disclosed. breach of trust related to the motorway’s operation.
Versions
- 2026-10-08 17:47 UTC Hungary terminates 23 trillion forint highway concession
- 2026-10-07 15:05 UTC Hungary terminates 23 trillion forint highway concession
- 2026-10-07 07:34 UTC Hungarian highway concession termination negotiations
- 2026-10-06 14:20 UTC Hungarian highway concession corruption allegations
- 2026-09-21 12:02 UTC Hungarian highway concession corruption allegations
- 2026-09-20 20:53 UTC Hungarian highway concession corruption allegations
- 2026-09-19 11:26 UTC Hungarian highway concession corruption allegations
- 2026-09-19 04:14 UTC Hungarian highway concession corruption allegations
- 2026-09-18 07:13 UTC Hungarian highway concession corruption allegations
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