Ministry, Budapest Transport Company sign contract for M3 renovation


Tibor Bolla, chairman of transport company BKV, and Florián Szalóki, development ministry deputy state secretary, yesterday signed a contract to renovate the M3 Metro line, according to Hungarian news agency MTI.

A total of HUF 120 billion will be provided by the European Union in funds for the renovation, as well as HUF 20 bln from the Hungarian central budget, National Development Ministry state secretary János Fónagy said after the contract was signed. 

Renovations will start in November and are scheduled to be completed by the summer of 2019, Fónagy explained. As part of the renovations, all rails, control centers and security equipment will be replaced, elevators will be renovated and stations will be expanded, the MTI report said. 


Hungarians Want to Live to 96 Analysis

Hungarians Want to Live to 96

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Wizz Air Malta Names Managing Director Appointments

Wizz Air Malta Names Managing Director

2 Protests to Take Place in Budapest on Aug 20 City

2 Protests to Take Place in Budapest on Aug 20


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.