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MÁV gets max. Ft 30 bln credit

To maintain MÁV Rt's liquidity, the state is guaranteeing surety credit, business daily Napi gazdaság reported. According to a government decree, the rail company may receive a maximum of Ft 30 billion, to be used to clear its backlog of payment arrears. The last time MÁV took a grant was last year, amounting Ft 52.87 billion, Ft 40 billion of which could be spent on public transportation development, and the rest on investment. MÁV had Ft 137 billion in outstanding loans last year, a figure which this year will increase significantly.