A PYMNTS Company

Hungary: Regulators probe into M4 highway builders

By  |  April 13, 2015

The government’s review of the construction of a section of the M4 motorway, based on the European Commission’s suspicion of cartel activity, will wind up at the end of April, deputy state secretary for development policy communications Nándor Csepreghy said. The internal review was ordered by Cabinet Chief János Lázár on March 26, and construction on the stretch was halted simultaneously.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Csepreghy said earlier that the government does not agree with the EC’s suspicion and “final judgment will not take place” unless the suspicion is substantiated. The government wants a full-scale investigation of the suspicion, as public monies are involved, he added. Csepreghy said that the government was not shelving its plans to make all of Hungary’s biggest cities and county seats accessible via primary roads. The stretch of the M4 bypassing Szolnok, a county seat, is to be part of a motorway that runs from the capital across eastern Hungary to Oradea, in Romania.

     

    Full Content: Reuters

     

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.