Mayor: Government agrees to take over debt repayment from BKV

Telco

The government has agreed to take over the debt repayment of the Budapest Public Transport Company (BKV), Mayor István Tarlós told journalists yesterday. BKV's debt due this year reached HUF 52.3 bln, a document submitted to a city council meeting showed.

The government has made a clear promise to consolidate the debt, Tarlós said, adding that the debt consolidation could happen within a few weeks. The city council is conducting promising talks with the government, he said when asked about the HUF 15 bln gap in the budget for the city's public transport.

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