Budapest sets deadline for Metro 3 renovation, but funding still unclear

Parliament

The City of Budapest anticipates that the renovation of its number 3 Metro line will be completed in 2019, even though the source of funding for the project has not yet been confirmed, Mayor István Tarlós said on Friday, according to Hungarian news agency MTI.

The European Union still has not approved the project for funding, Tarlós revealed. If EU monies fail to materialize, “the state will be forced to dig into its pockets”, he said.

The plan for the renovation has been finalized and the deadline for completion has been set for September 30, 2019, Tarlós said.

Pushing back the deadline any further would be a “catastrophic failure” for the government, the state and the capital, he added, warning that it could mean the line is shut down in 2019.

The renovation is set to start in November and December of this year, after an infrastructure for replacement buses is established, he said. If the start of the project is delayed by even a month, the deadline will be put at risk, he added.

Hungary Gasoline Prices 3% Over Regional Avg Energy Trade

Hungary Gasoline Prices 3% Over Regional Avg

Gov't Wants Sustainable Business Model for Magyar Posta Government

Gov't Wants Sustainable Business Model for Magyar Posta

120,000 Guest Workers Employed in Hungary HR

120,000 Guest Workers Employed in Hungary

Budapest Airport Wins 'Best Airport in Eastern Europe' for 1... Awards

Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...

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.