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Hungary to place its motorway network in 35-year concession

Hungary will overhaul the management of about 2,000 kilometres (1,240 miles) of its motorways and public roads, awarding a 35-year concession contract, according to a tender published on Monday in the official European Union gazette. The Tenders Electronic Daily posting, which was first reported by local news web site, says the concession entails the planning, renovation, construction, control, operation and financing of the network for an annual fee. The winner of the contract would build and renovate hundreds of kilometres of motorways, including more than 100 bridges and other items.