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BKK, the organizer and central company of public transport in Budapest, closed 2019 with a loss of HUF 4.7 billion, according to the companyʼs report, writes hvg.hu.
According to the report, the loss essentially resulted from two factors.
The first is the HUF 6.1 billion spent on the failed e-ticket system finally accounted for last year, the other being that the Budapest General Assembly only approved HUF 10.4 bln in compensation for the BKK.
The "failed" e-ticket system refers to the system developed by Scheidt & Bachmann which could not be put into operation for many years, the contract for which BKK finally terminated in November 2018, hvg.hu adds.