Economics
Gov't to modify M5 concession agreement
The government will modify its earlier concession agreement with M5 highway operator Alföld Concession Motorway Rt (AKA) to authorize the company to continue construction between Szeged and the southwestern border, the Economy and Transport Ministry said. The new section may be completed by 2006. Now 40% owned by the State Motorway Management Rt (ÁAK), AKA was chosen in early 2004 to buy out the developer of M5 and build the second phase of the motorway between Kiskunfélegyháza and Szeged. This section will reach completion by the end of 2005, with Hungary paying a total of Ft 208.5 billion in availability fees for operation and maintenance. (Vg 1) P.P.
