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BKV to use HUF 100 bln in EU funding to purchase new trams and trolleybuses

The Budapest public transport company BKV is planning to use more than HUF 100 billion in awarded though not-yet-disbursed European Union Cohesion Fund support to purchase new trams and trolleybuses, the daily newspaper Népszava reported, citing Budapest transportation center BKK CEO David Vitézy.

BKV's purchase would require only minimal self-financing, the daily reported, adding that the plan to purchase the new trams and trolleybuses would be presented to the Budapest local council later in April.

BKV could replace approximately one-sixth of its tram fleet and two-thirds of its trolleybus fleet under the program, Vitézy noted.