EU pulls EUR 1bn from Budapest rail link

The Danube rail bridge on Budapest’s southern ring. More than two years of work remain, and the EU money must be spent by the end of 2030. Photo: MÁV Group.

HUNGARY: The government has stopped work on Budapest’s southern rail ring, 42% complete, and barred contractor V-Híd from ongoing rail tenders. Transport Minister Dávid Vitézy said the European Commission had withdrawn about EUR 1bn in funding after auditors found signs of collusion in the tender.