After a general description of the poor legacy left behind by long years of central planning, characterized by decaying transport facilities, it is shown that a persistent shortage of capital is curtailing transport infrastructure projects. In the wake of political changes, during the transition toward a market economy, there is now an opportunity to diversify sources and mechanisms of transport infrastructure funding. Strong budgetary constraints are limiting public financing or borrowing. As a result, Hungary seeks new forms of public/private partnership in financing tolled transport facilities, first of all motorways and bridges. On the basis of a recently enacted law of concession, tendering procedures are under way aiming at an award of motorway concessions to entirely private companies. The concession is documented in a concession contract that specifies the rights and responsibilities of the sponsoring government entity and the concessionaire and allocates the risks. These latter are identified and analysed, and extraordinary circumstances hampering ‘build‐operate‐transfer’ type motorway project financing in Eastern Europe are dealt with. The last section tells the story of the tendering procedure related to M1/M15 motorway sections completing the Vienna‐Budapest motorway of European interest, won by an international consortium led by the French company TRANSROUTE S.A. Depending upon the success of this attempt, several other projects are in preparation.


    Zugriff

    Zugriff prüfen

    Verfügbarkeit in meiner Bibliothek prüfen

    Bestellung bei Subito €


    Exportieren, teilen und zitieren



    Titel :

    Attracting private capital to finance toll motorways in Hungary


    Beteiligte:

    Erschienen in:

    Transport Reviews ; 14 , 2 ; 119-133


    Erscheinungsdatum :

    1994-04-01


    Format / Umfang :

    15 pages




    Medientyp :

    Aufsatz (Zeitschrift)


    Format :

    Elektronische Ressource


    Sprache :

    Unbekannt



    Government-owned toll motorways

    Barlow, L.P. | Engineering Index Backfile | 1928


    Strassenverkehr - Japan's toll motorways

    Mayrzedt, Hans | Online Contents | 2001


    Typical autostrade in Italy (toll motorways)

    Puricelli, P. | Engineering Index Backfile | 1928



    An IP approach to toll enforcement optimization on German motorways

    Borndorfer, R. / Sagnol, G. / Swarat, E. | British Library Conference Proceedings | 2012