More than a decade after its launch, the Paks II investment is still in an early, uncertain stage, despite the fact that construction has formally begun. The project was initiated as a political decision in 2014, with questionable economic justification. Compared to the original deadlines, the investment has now accumulated an approximately 10-year delay. The 2026 “first concrete” milestone represents more of a formal change in status than real progress. Costs have increased significantly, and the total investment cost remains unknown. Perger András reports.

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