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Hungarian Motorways to be Operated by Private Companies

Hungarian Motorways to be Operated by Private Companies

Hungary
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As a result of the concession procedure previously launched by the Hungarian Government, the Hungarian State handed over the operation and maintenance of 1,237 kilometers of motorway to five different private companies from 1 September 2022 for 35 years.

Over the next 11 years, the concession companies have undertaken to renovate 538 kilometers of existing motorways, build 272 kilometers of motorways and add 273 kilometers of new lanes to the existing motorway network. All the sections of the motorways covered by the concession will remain in public ownership. For operation, maintenance and development, the Hungarian state pays a kilometer-based so-called availability fee to the concessionaire companies.

The Hungarian State will continue to operate 237 kilometers of motorway, and in addition, maintains 31,000 kilometers of other roads connecting and passing through municipalities. Most of the roads within municipalities, more than 140,000 kilometers in total, will continue to be maintained by local municipalities.

By Krisztian Kiralyvolgyi, Attorney at Law, KCG Partners Law Firm

KCG Partners at a Glance

KCG Partners is a Hungarian business law firm providing a comprehensive range of legal services to international and local clients seeking local knowledge and global perspective. The firm comprises business-minded lawyers with sector-specific expertise, creating value for clients by applying a problem-solving approach and delivering innovative solutions.

The firm has a wealth of knowledge in corporate law, M&A, projects and construction, energy, real estate, tax, employment, litigation, privacy and forensics, securitization, estate planning and capital markets.

To address clients’ regional and international concerns, the firm maintains active working relationships with other outstanding independent law firms in Central and Eastern Europe, whilst senior counsel Mr. Blaise Pásztory brings over 40 years’ of US capital market and fund management experience.

KCG Partners Law Firm is the result of the teamwork of passionate and talented lawyers guided by the same principles and sharing the same values: 

  • Our most valuable asset is our people. They are the engine of our business and the key to our success.
  • We push boundaries by looking for innovative solutions that can empower our clients to achieve greater results.
  • We place our experience, commitment and professionalism to your service.
  • We are driven by our vision to shape and lead the Hungarian legal market and become a first choice law firm in our practice areas.

Firm's website: http://www.kcgpartners.com