The renovation of Budapest’s Margaret Bridge has received the 2012 European Steel Bridges Award, one of the most prestigious international honours in the industry, main constructor Közgép announced on Saturday. The award is presented annually by the European Convention for Constructional Steelwork in three categories: pedestrian and cyclist bridges, motorist and train bridges, and bridge renovations. Közgép noted that entrants were judged based on meeting international standards and the architectural and technological achievements. The renovation was not without controversy. It was initially costed at HUF 13 billion (EUR 45.66 million) but in 2009 Budapest City Council allocated twice that amount for the project. The handover of the bridge was to have been in August 2010 but it only opened for motorist traffic three months later and constructors did not fully complete the renovation until a few days before Christmas 2011.