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MÁV strategic plan calls for HUF 4,455bn in investment until 2030

State-owned railway company MÁV's recently completed quadrennial strategic plan stipulates HUF 4,455bn in investments between the years 2011-2030 on renovation of track infrastructure and purchase of new rolling stock.

State-owned railway company MÁV's recently completed quadrennial strategic plan stipulates HUF 4,455 billion in investments between the years 2011-2030 aimed primarily at renovation of the railway's track infrastructure and purchase of new rolling-stock, the daily newspaper Népszabadság reported on Monday.

The government has sent the strategic plan back to MÁV for revision, Népszabadság reported. MÁV's strategic plan proposes to finance 65% of the investments through European Union funding, 15% from central-budget support and the remaining 20% from bank and corporate loans, the newspaper said.