ADVERTISEMENT

Report: Russians in line for generous M3 bid

Automotive

The Centre for Budapest Transport (BKK) called for a HUF 65 bln tender for the refurbishment of carriages used on Budapest's M3 metro line, an amount that would be sufficient for the purchase of new carriages, according to a report today from online daily nol.hu. Although the tender is open, the government is currently only negotiating with a Russian firm, the report said.

The nol.hu report claims that Bucharest (Romania) just bought new carriages from CAF for the same amount that BKK is spending on the refurbishments, therefore runners-up could potentially provide the replacement of the current carriages with brand new vehicles.

Siemens, Skoda and Alstom (the supplier of Hungarian metro line 4 carriages) are expected to be among the runners-up for the tender. However, according to nol.hu, the only bidders Foreign Minister Péter Szijjártó has thus far discussed the bid with is an unnamed Russian firm. The discussion reportedly took place during Szijjártó's recent trip to Russia, nol.hu said, citing unnamed sources.

According to the tender description, the winner of the project will be selected according to strict criteria and would have a total of 39 months to complete the project. Mayor István Tarlós said in September that the tender for the renovation of the carriages would be called in a few weeks and no action has been taken until now.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.