The investment, to be completed by the summer of 2024, will raise speeds on the line from 100 to 160km/h and increase axle load by 15 kN, state secretary for transport policy Laszlo Mosoczi said.
The contractors for the project are Strabag, V-Híd and Thales Group.
Sándor Kupai, chief director at state-owned railway company MÁV, said over 1 million passengers traveled on the line last year.
Artur Kikina, in charge of railway projects at the National Infrastructure Development Company (NIF), said talks are underway on the European Union funding ratio for the investment which could be as high as 85%.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
