Metro 3 renovation to continue after BKV accepts higher project costs

City

The Budapest Public Transport Company (BKV) on Tuesday said it signed a memorandum of understanding with Austrian-owned Swietelsky Vasúttechnika allowing the renovation of the middle section of the capital's number 3 metro line to move forward, according to a report by state news wire MTI.

Under the MoU, the project cost will rise by up to HUF 9.5 billion over the HUF 48 bln in the contract signed in 2017.

The middle section is expected to re-open in January 2023, in line with the timing for accounting European Union funding used for the project.

The northern and southern sections of the line were renovated earlier.

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