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MÁV announces tender for Ft 20 bln debt


Hungarian railways MÁV Zrt has announced a public procurement tender to grant the company a long term loan Ft 20.566 billion, MÁV said. The loan must be provided in five sums varying between Ft 2.7 billion and Ft 6.5 billion. The loan repayment will be guaranteed by the state and the money will be used to continue MÁV's passenger transportation and develop the railway lines.