BKV to recoup damages for faulty Russian metro carriages

Deals

The Budapest Public Transport Company (BKV) on Thursday said it will recoup damages caused by faulty renovated carriages earlier delivered by Russiaʼs Metrowagonmash, state news wire MTI reports.

BKV said its engineers had informed Metrowagonmashʼs local unit of "corrosion problems" on the renovated carriages last December and took them out of service for repair. As the trains are under warranty, Metrowagonmash will cover the cost of the repair. BKV said it will also collect a contractual penalty for damages.

Metrowagonmash earlier refurbished 37 metro trains for BKV under a EUR 219 million contract signed in 2015. About 70% of the parts of the trains - some around 40 years old - were replaced.

The trains operate on the number three metro line.

ADVERTISEMENT

Multiple Sectors Pay Above Average Wages Figures

Multiple Sectors Pay Above Average Wages

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Automotive Industry Experiences Best Q3 on Record Automotive

Automotive Industry Experiences Best Q3 on Record

Hard Rock Hotel Opens 'Star Chalet' for Winter Season Hotels

Hard Rock Hotel Opens 'Star Chalet' for Winter Season

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.