2020.11.12.

History

Our company’s predecessor, the Transinvest Company was founded in 1981 by six large State-owned companies that played a major role in the construction and development of the Hungarian transport infrastructure. The six companies were the State Development Bank, the Motorway Construction Company,  the Ganz-Mávag, the KÉV-METRO, the Hungarian Asphalt and the UVATERV. Transinvest received its first large international order two years after its foundation: between 1984 and 1988 the company coordinated the construction of the by-pass road at the Algerian city of Oran.

The next large-scale work abroad was a World Bank financed project in Mauritius, where the company designed and constructed the island’s main North-South public road. Transinvest worked within the framework of World Bank financed projects also in Yemen (1987-90) and Uganda (1989-93): on the site consultancy for the development and operation of the road network and implementation of a road project.

The large-scale domestic project of the company took place between 1986 and 1989 in Hungary: we controlled the construction of the electrical, lighting and navigation system of the runways and taxiways at Budapest Ferihegy Airport (today it is Budapest Liszt Ferenc Airport).

Changing in Hungary’s political system with its new legal and economical framework was presenting new challenges to our company. The company’s management decided to privatize quickly. As a result of this Transinvest Engineering and Contracting Ltd for Transportation Project was founded, which was later transformed into Transinvest-Budapest Ltd.

The special project of Transinvest-Budapest Ltd – as a consultant of the French Transroute International Company (current Egis Project) – was the construction of the M1 motorway between Győr and the Austrian border section, thanks to which the construction of the concession motorway started in Hungary. Dr. Károly Léderer became the president of the concession company ELMKA Co. (First Hungarian Concession Motorway Corporation), and the Transinvest-Budapest Ltd acquired a 25% share in the operating company Magyar Transroute Ltd.

The Transinvest-Budapest Ltd has been the Independent Engineer in two out of three sections of M6 Motorway implemented in Public-Private Partnership (PPP) cooperative arrangement with the Hungarian State.