Mayor: Congestion charge unavoidable
The introduction of a congestion charge in Budapest to fund the cityʼs public transport is unavoidable, Mayor István Tarlós said at a press conference on Friday, according to Hungarian news agency MTI.
The city is weighing two proposals: a "Budapest vignette", which is good for the whole capital and for which drivers would pay an annual HUF 5,000, and a two-tier tariff system for the center of the city and for outer boroughs, Tarlós said.
The vignette would generate annual revenue of HUF 2.0 bln-2.5 bln if all drivers are required to purchase it but HUF 700 mln-800 mln if only non-residents are, he added. The mayor asked for patience when queried on the timeframe for introducing the charge.
The city must introduce the congestion charge as a condition for European Union support for the recently inaugurated number four metro line.
ADVERTISEMENT
Áder Flags Delay in Full-scale Rollout of Bottle Return Syst...
India's G20 Presidency, Dawn of New Multilateralism - Narend...
AutoWallis Exceeds Entire 2022 Revenue, Profit in 9 Months
TikTok Commits to Improved Consumer Communication in Hungary
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.
