Budapest to finance public transport on delayed state funding
The Budapest Council will provide temporary financing to keep the capital’s transport company BKV in operation until the arrival HUF 24 bln in state support, which had not arrived by October 15 but was allocated in the 2015 central budget, Hungarian news agency MTI reported yesterday.
(Photo: LaMography/Moni Lazar)
The news agency reported that the Council will provide the minimum amount necessary for BKVʼs operations, which amounts to HUF 13.5 bln until December 2, according to the Budapest Transport Center BKK.
The Budapest Council meeting also authorized the City of Budapest to sign a contract for a €300 mln line of credit with the European Investment Bank (EIB), to be spent on transport and other developments in the city, MTI added.
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