2017-04-30

History

Transinvest Ltd. 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, namely State Development Bank, Motorway Construction Company, Ganz-Mávag, KÉV-METRO, Hungarian Asphalt and 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.

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