Budapest inaugurates bike-sharing system

Telco

Budapest inaugurated a city-wide bike-sharing system entitled "MOL BuBi" today. The system has 1,100 bicycles at 76 docking stations around the city.

The set up cost more than HUF 1 bln and was partly financed by a HUF 900 mln European Union grant. Hungarian oil and gas company MOL is the chief sponsor of the system's operation. The BuBi, or Budapest Bike, is also funded by the local council and by revenue from passes

For a limited time, annual passes for the system are available at a reduced price -  HUF 12,000 instead of HUF 18,900. Half-year passes currently cost HUF 8,000 instead of HUF 12,500.

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