The government recently injected 15 billion forints into the track’s project company to support the completion of the first phase of the investment, said László Palkovics.

Hungary’s government announced the test track, the only one of its kind in a 500- km radius, in the spring of last year.

Economy Minister Mihály Varga said earlier that the test track could add 0.1% to Hungary’s GDP in the short term and another 0.3% for every 100 billion forints in vehicle industry investments it attracts.

Republished with permission of Hungary Matters, MTI’s daily newsletter.

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