MÁV to start InterCity carriage production

Telco

State-owned Hungarian railway company MÁV is to launch the production of an InterCity carriage developed by the company, Hungarian business daily Napi Gazdaság reported today.

“We have obtained all necessary licences to produce carriages that meet European standards”, MÁV chairman-CEO Ilona Dávid informed the paper. The final version of the prototypes designed by MÁV engineers was unveiled last March. The developing project cost HUF 1.4 bln, including a HUF 462 mln EU grant.

MÁV now has to decide on several issues, i.e. which of its bases is best suited for the carriage production and what percentage of the content will be Hungarian, the chairwoman added. The company should also calculate the expected manufacturing costs.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.