Single-Wagonload Subsidies Keep 7.2 mln t of Freight off Roads
Photo by photos by keith / Shutterstock.com
Rail freight volume supported by government subsidies for single-wagonload transport has reached 7.2 million tonnes, state-owned railway company MÁV said earlier this week, according to a report by state news wire MTI.
The subsidies rechanneled up to 400,000 truckloads to railways, MÁV said.
MÁV, together with peers CER Hungary, Gysev Cargo, Eurogate Rail Hungary (formerly: Floyd), and Rail Cargo Hungaria signed a framework contract with the government in November 2021 on support for loss-making single-wagonload transport which allows individual wagons from different consignors to be bundled into a single train.
The subsidies come to more than HUF 26 billion for the period 2022-2025.
MVM Magyar Magánvasút joined the subsidy scheme in December 2021 and Train Hungary and Kárpát Vasút in May this year.
ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan
EC Puts Hungary 2024 GDP Growth at 2.4%
HU-rizon Program: HUF 8 bln Funding for International Resear...
Inspiring Women at the Focus of Gourmet Fest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
