EBRD loans €54.5 million for BKK’s paper-free ticketing
The European Bank of Reconstruction and Development (EBRD) board of directors has approved a €54.5 million loan for Budapest Public Transport Center (BKK) to be put toward an electronic ticketing system for the capital city’s subways, commuter trains, buses and trams.
BKK’s planned system will see the phasing out of paper tickets in 2015. Among the resources to be created with the loan are validation equipment for over 2,200 public-transport vehicles and train cars, 9,000 smartcard readers, 3 million smartcards, 700 hand-held inspection devices and a back-office system for data collection.
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