Govʼt earmarks HUF 36 bln for local council bus purchases
The government is allocating HUF 35.9 billion in funding to support the purchase of environment-friendly buses by local councils over the next ten years, Péter Kaderják, state secretary at the Ministry for Innovation and Technology, said on Monday, according to a report by Hungarian news agency MTI.
Photo: LaMography/Moni Lázár
The funding will cover up to 20% of the cost of the buses, expected to be mainly electric, by municipalities with populations over 25,000, Kaderják said.
The funding could support the purchase of some 1,290 new buses with a value of around HUF 160 bln, he added.
At least half of the value added of the buses procured by the local councils will be domestic, if possible, he noted.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.