HUNGARY'S M3 HIGHWAY: MULTILATERAL DEVELOPMENT BANKS UNDERCUTTING EACH OTHER'S OBJECTIVES

Hungary is pursuing rapid infrastructure development, in some cases, ignoring World Bank advice. The numbers do not add up but, like elsewhere, there is the mistaken belief that roads bring jobs. The author concludes that ultimately, the M3 highway project is going ahead, if somewhat slowly, not only because of the strength of the highway lobby, and despite opposition from the World Bank, but because people and politicians in the region see this as an opportunity to get jobs and construction contracts financed from the central government. So long as the choice from the point of view of regional politicians is 'highway or no highway', they will want the highway. Until realistic alternative central government-funded development projects can be identified which, florin for florin, have superior employment generation benefits, road projects like the M3 will go forward with significant public support. (A)

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/13527614
• Corporate Authors:

  MCB University Press Limited

  62 Toller Lane
  Bradford BD8 9BY, West Yorkshire,   England 
• Authors:
  • Hook, W
• Publication Date: 1998

Language

• English

Media Info

• Pagination: p. 27-9
• Serial:
  • World Transport Policy & Practice
  • Volume: 4
  • Issue Number: 3
  • Publisher: Eco-Logica Limited
  • ISSN: 1352-7614
  • Serial URL: https://www.worldtransportjournal.org/journal
• Publication flags:

  Open Access (libre)

Subject/Index Terms

• TRT Terms: Financing; Road construction; Subsidies; Toll roads
• Identifier Terms: World Bank
• Geographic Terms: Hungary
• ITRD Terms: 244: Financing; 8043: Hungary; 8306: IBRD; 3665: Road construction; 2702: Toll road
• Subject Areas: Construction; Finance; Highways;

Filing Info

• Accession Number: 00761750
• Record Type: Publication
• Source Agency: Transport Research Laboratory
• Files: ITRD
• Created Date: Apr 15 1999 12:00AM