Single-Wagonload Subsidies Keep 7.2 mln t of Freight off Roads
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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.
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