BKK expected to sign €54 mln e-ticket loan contract in summer
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.
ADVERTISEMENT
MNB Sees Broadening Disinflationary Impact Till Year-end
V4 Agri Officials: WTO Case Over Grain Bans 'Unfortunate'
Lego Invests HUF 54 bln in Expansion in Hungary
'Creating CEElicon' Valley in Focus of HVCA Investment Confe...
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.
