EUR 265 million from the Cohesion Fund is invested in the construction of a new section of the M4 motorway in Hungary. It will allow making the trip from Budapest to the Romanian border in less than 2 hours 40 minutes.
By linking the two neighbour countries, this new Cohesion Policy project will boost regional and local economies and promote tourism, a press release posted by the European Commission on Thursday says.
Commissioner for Regional policy Corina Creţu said: “The Hungarians and Romanians will be the first beneficiaries of this project, with a faster, safer connection from Budapest to Bucharest. But ultimately all Europeans and the European economy as a whole will benefit from better connectivity in the region and its positive spillovers for trade, tourism and growth.”
The project concerns the construction of the motorway between the towns of Berettyóújfalu and Nagykereki, the last missing section for a seamless connection to the Romanian border. Its starting point is at the junction with the M35 motorway Debrecen-Berettyóújfalu, currently under construction. The project should be completed in March 2020.