City-dwellers take to bikes during metro renovation

Analysis

wikimedia

During the ongoing renovation of Budapestʼs metro line M3, the number of people using the MOL BuBi bike-sharing scheme in affected areas has significantly risen, business daily Világgazdaság reported on Wednesday, citing the Center for Budapest Transport (BKK), which operates the scheme.

In the area affected by renovation works, the number of users of the service was up by 18.8% at 119,000 between November 2017 and April 2018, compared to the corresponding period 12 months earlier.

The BKK amassed HUF 62.4 million in revenues from the service last year, and HUF 10.3 mln so far this year up until April.

Earlier the BKK said the cost of operating the scheme, which carries the name of Hungarian oil and gas company MOL, which set it up in September 2014, comes to almost HUF 260 mln a year, of which MOL covers more than half.

Világgazdaság notes that users have covered more than 4.1 million kilometers on 2.3 mln trips on the bikes since the service was introduced. Many use the bikes for short trips in combination with public transport, as usage is free for 30 minutes.

The BKK sells some 5-6,000 BuBi passes and 24,000 individual tickets annually, although - unsurprisingly - the peak period for use of the bikes tends to last from spring to autumn. The report notes that due to the unusually cold March this year, users began using the scheme later than in preceding years.

The BuBi fleet currently numbers 1,526 bicycles, which can be rented from some 126 collection points across the city.

Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti... Figures

Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...

Hungary to Address Future of Cohesion Policy During EU Presi... EU

Hungary to Address Future of Cohesion Policy During EU Presi...

AI may Save Hungarian Healthcare, Says Leading Doctor Science

AI may Save Hungarian Healthcare, Says Leading Doctor

Time Out Market to Open in Budapest Next Year Food

Time Out Market to Open in Budapest Next Year

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.