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.
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