Hungarian Highway Contract Worth $45 Billion Won By Equity Funds Close To Gov't

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The total value of a 35-year contract to maintain, operate, and build most of Hungary's highways won by seven private equity funds whose owners have close ties to the Hungarian government is at least $45 billion, according to documents obtained by RFE/RL. The highway contract awarded in 2021 was made public at the time, but the appendices containing most of the financial details of the deal were kept secret. RFE/RL published details of the contract on April 29 after winning a lawsuit to gain access to the contract’s appendices. To read the full story by RFE/RL's Hungarian Service, click here.