Hungary to Terminate Southern Railway Ring Contract with Mészáros Firm to Avoid Risking Billions in EU Funding
13 Articles
13 Articles
There is a reasonable suspicion that illegal collusion occurred during the construction procurement.
Hungary to terminate Southern Railway Ring contract with Mészáros firm to avoid risking billions in EU funding
Hungary moves to terminate a major railway construction contract involving billionaire Lőrinc Mészáros’s company. Continue reading: https://dailynewshungary.com/southern-railway-contract-meszaros-terminated/
There is evidence that V-Híd and the Kontúr Group colluded during the construction of the Southern Ring Railway, which is why around 367 billion forints of EU funds were at risk - said Dávid Vitézy, Minister of Transport and Investment, at a government briefing on Friday. The government has decided to stop the investment and will take the necessary steps. At the briefing, Péter Magyar spoke about the introduction of the wealth tax and the modifi…
The minister responsible for transport explained why Fidesz voices are wrong regarding railway development.
Dávid Vitézy is blaming V-Híd for the Southern Ring Railway, while he has been overseeing the project since the beginning. In 2020, he was the head of the Budapest Development Center (BFK), and in 2021, he was on the supervisory board of the National Infrastructure Development Company when the public procurement for the construction was announced. Now, however, he would blame V-Híd for the fact that the European Commission would demand the full …
The government justified the decision with serious public procurement irregularities and the loss of EU funding.
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