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Fónagy: ‘Migrant crisis’ creates HUF 2 bln extra costs for transport companies

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Wikimedia Commons/Mstyslav Chernov -- Syrian refugees strike in front of Budapest Keleti railway station. Refugee crisis. Budapest, Hungary, Central Europe, 4 September 2015.

Transport companies owned by the Hungarian state are expected to see more than HUF 2 bln in extra costs by year end as a result of the “migrant crisis”, state secretary János Fónagy said in an interview with state-owned all-news channel M1, Hungarian news agency MTI reported today.

Syrian refugees strike in front of Budapestʼs Keleti Railway Station on September 4. (Photo: Wikimedia Commons/Mstyslav Chernov)

According to the state secretary, state-owned railway company MÁV is the “most severely affected” company of all with some HUF 700-800 mln in extra costs booked up until mid-September. Fónagy expects this to double by the end of the year. The state secretary said that the rise of passenger transport and also the closure of Keleti Railway Station for several days “have weighed on” the company, MTI reported.

Fónagy added that the extra costs for regional bus company Volán and Budapest transport company BKK reached HUF 100-120 mln, MTI reported.

MÁV chairman-CEO Ilona Dávid said on Monday that MÁV has so far booked additional costs amounting to HUF 700 mln due to the "migrant crisis".

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