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Hungarian Highway Contract Worth $45 Billion Won By Equity Funds Close To Gov't

(file photo)
(file photo)

The total value of a 35-year contract to maintain, operate, and build most of Hungary's highways won by seven private equity funds whose owners have close ties to the Hungarian government is at least $45 billion, according to documents obtained by RFE/RL. The highway contract awarded in 2021 was made public at the time, but the appendices containing most of the financial details of the deal were kept secret. RFE/RL published details of the contract on April 29 after winning a lawsuit to gain access to the contract’s appendices. To read the full story by RFE/RL's Hungarian Service, click here.

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    RFE/RL's Hungarian Service

    RFE/RL’s Hungarian Service -- closed after the Cold War ended -- was relaunched on September 8, 2020, in response to the country’s steep decline in media freedom. It's an entirely digital service dedicated to serving the public interest by representing a diversity of views and providing reliable, unbiased reporting about the issues audiences care about most.

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