Budapest bike-sharing scheme expands in District XI

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Budapest's Mol Bubi bike-sharing scheme, operated by the Budapest Public Transport Center (BKK) with the support of Hungarian oil and gas company MOL, is expanding in District XI, in the south of the capital, city and company officials said on Friday, according to a report by state news wire MTI.

A year after the scheme was upgraded with lighter, faster bikes, BKK CEO Katalin Walter said ten new Bubi docking stations will be added in District XI, making the number four metro line - the capital's newest - the first one with a Bubi station at every stop.

Walter said the scheme broke even last year, after racking up a HUF 170 million loss in 2020, and thanked MOL for a "good partnership".

Tamás Czikora, who heads MOL's mobility business, said that the oil and gas company is plowing USD 1 billion into circular economy projects by 2026 and pointed to the indispensability of alternative and shared forms of transportation for the future. He noted that there are over 690,000 passenger cars on the streets of Budapest. 

Budapest Mayor Gergely Karácsony said Budapest is experiencing a "cycling revolution" as more residents get on bikes, thanks "in large part" to the improved Bubi bike scheme.

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