MÁV Zrt. to get HUF 20 bln in 2021 for track and station renovations

Transport

Photo by BalkansCat/Shutterstock.com

This year the government is providing Hungarian State Railways (MÁV) with additional resources for the renovation of the Vecsés-Üllő-Monor track section, for passenger traffic investments of the Nyugati (Western) and Keleti (Eastern) stations, said MÁV Zrt. chairman and CEO Róbert Homolya, according to origo.hu. 

Homolya said the railway company will receive HUF 20 billion in funds for the renovation of the Vecsés-Üllő-Monor section of the Budapest-Cegléd line, and the government will provide the railway company with about HUF 2 bln for EU-funded passenger traffic investments at Nyugati and Keleti. 

Homolya added that the Budapest-Cegléd section was used by more than 40,000 people a day before the first coronavirus shutdown was announced, and is one of the busiest railway lines in the country.

ADVERTISEMENT

Business Confidence Worsens, Consumer Confidence Improves Analysis

Business Confidence Worsens, Consumer Confidence Improves

Parliament Negates Mandatory Membership in MOK Parliament

Parliament Negates Mandatory Membership in MOK

New GM at Four Seasons Hotel Gresham Palace Appointments

New GM at Four Seasons Hotel Gresham Palace

Budapest Leaders Unveil Plans to Scale Back Traffic on Thoro... City

Budapest Leaders Unveil Plans to Scale Back Traffic on Thoro...

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.