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MVM green mobility business sets up JV with Volánbusz 

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MVM Mobiliti, the green mobility unit of the state-owned Hungarian Electricity Works (MVM), has set up a joint venture with state-owned bus company Volánbusz to advance environmentally-friendly transport in the country, the minister without portfolio in charge of state assets, Andrea Máger, said on Tuesday, according to a report by state news wire MTI.

The JV, dubbed Mobiliti Volánbusz, signed a memorandum of understanding with Volanbusz and its fleet manager Volán Buszpark to use their synergies to raise the proportion of electric and CNG-fueled buses on the road.

Máger noted that the government has earmarked HUF 36 billion to support purchases of environmentally-friendly buses in 2020-2029.

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