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Parking calls tender for HUF 1.2 bln in assets

Parking, a local-council owned company that operates almost 7,000 parking places in Budapest, is calling a tender for about HUF 1.2 billion in assets, Parking communications director György Volly told MTI.

Parking had revenue of HUF 894 million in 2009, up from HUF 612 million in 2008. Profit fell to HUF 93 million in 2009 from HUF 116 million in 2008 because of investments.

Parking has won HUF 2.2 billion in European Union funding for development projects over the past two years. About HUF 900 million went to a bike-and-ride system in the capital to be completed next summer. (MTI – Econews)