Tender called for a HUF 60 bln loan to finance metro renovation
The Budapest local council has called a tender for a HUF 60 bln loan to finance the renovation of the capital's No. 3 metro line in the most recent issue of the Public Procurement Gazette, MTI news agency reported.
Interest on the floating-rate loan is to be pegged to the three-month BUBOR. The deadline for participation in the first round is March 9. National Economy Minister Mihály Varga said last November that the Hungarian state would provide a HUF 60 bln guarantee to finance the renovation.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.