Hungary to build 317 km of new roads till 2032
The concession holder will also add lanes to 265km of existing road in the first ten years of the contract, Rogan told a forum in Budapest.
The concession involves the upkeep of 1,044km of road, he said, adding that all of the maintenance works were considered priority projects.
As regards financing, Rogan said the state will pay a concession fee and will pay for the full construction and maintenance project over the 35-year period. He added that the concession holder would have to obtain the credit necessary to carry out the project at its own expense. The road tolls to be collected by the state will have to cover the concession payments for the full 35-year period, he said.
The state will pay Themis an annual concession fee of 96.2 million forints (EUR 254,000) per kilometre. The state will not transfer its right to collect motorway tolls, he said.
Rogan said the concession procedure was fully in line with European Union rules.