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Hungary Sees No Public-Private Project Buyouts in ’12, Napi Says

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Jan. 16 (Bloomberg) -- Hungary hasn’t bought out private investors from public-private projects so far and won’t have the financial resources to do so in 2012 either, Napi Gazdasag reported, citing the Development Ministry.

Terminating the “unfavorable” PPP projects would cost the country about 200 billion forint ($813 million), excluding highways, the Budapest-based newspaper said.

The government remains committed to ending these projects, the ministry said, according to Napi.

To contact the reporter on this story: Edith Balazs in Budapest at ebalazs1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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