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MÁV, GYSEV to receive state subsidies for passenger services

Telco

Hungarian state-owned railway company MÁV is expected to receive a state subsidy of HUF 144 bln for its passenger services this year, a decree by the National Development Ministry published in the latest issue of the official gazette Magyar Közlöny revealed today.

On the basis of allowances promised earlier, MÁV will receive an additional HUF 12 bln in support for passenger services, the decree added. The decree allocates HUF 68 bln in support to MÁV for track upkeep.

GYSEV, a regional railway co-owned by Hungary and Austria, is expected to receive HUF 10.4 bln in support for passenger service and HUF 4.9 bln for track maintenance.

National Economy Minister Mihály Varga allocated HUF 33.5 bln for long-distance bus companies in addition to the HUF 4.5 bln in allowances already agreed upon, Hungarian news agency MTI said.

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