Főmterv wins HUF 2.5 bln contract to plan M1 renovation
The Budapest Public Transport Center (BKK) has signed a framework agreement with employee-owned civil engineering company Főmterv for planning of the renovation of the 5-kilometer M1 Millennium Underground Railway line in Budapest.
According to a report by business daily Világgazdaság on Thursday, the public procurement contract amounts to HUF 2.5 billion to plan the renovation of the capitalʼs historic underground, completed in 1896 by the cut-and-cover method (i.e. running through a covered trench just below the surface, rather than through a tunnel). Főmterv must also acquire all of the necessary permits for the renovation.
The M1 line is the oldest underground in continental Europe. The renovation will be carried out in three stages:
- renovation of the existing line and extension westward to Vigadó tér (beside the Danube);
- further extension of 800 metres eastward to Kassai tér;
- subsequent extension of the eastern terminus to Marcheggi bridge (district 15).
Főmterv will also make plans for expanding traffic capacity at stations, construction of a lift at Deák tér, and second exits at the Oktogon and Hősök tere stations.
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.