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BKK expected to sign €54 mln e-ticket loan contract in summer

Tourism

The Budapest Public Transport Center (BKK) is expected to sign for a €54 million loan from the European Bank for Reconstruction and Development (EBRD) to finance an electronic ticket system this summer, as planned, business daily Világgazdaság said on Wednesday. The loan contract can be signed after it is approved by the BKK board and the Budapest municipal council, BKK's press office told the paper. BKK has been in talks on the loan for more than a year. The loan would cover the bulk of the €67.7m investment. The local council would pay for the rest. BKK has consulted with state-owned railway company MÁV and the Volán bus group on using the e-ticket system too, the paper said.

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