• Home
• Channel: Getting Around
• Massive 'Survival' Loan Keeps Budapest Public Transport Running

Massive 'Survival' Loan Keeps Budapest Public Transport Running

• 25 May 2023 5:46 AM
• Hungary Matters

The Budapest assembly on Wednesday approved an agreement between Budapest public transport company BKK and K&H Bank, of a 24 billion forint (EUR 63.9m) loan, as part of the municipality’s “survival programme”.

The proposal, submitted by Deputy Mayor Ambruss Kiss, was carried with 17 votes in favour, 2 against and 9 abstentions.

The loan will ensure BKK’s operation between June and September, and will have to be paid back by September 18, the proposal said.

MTI Photo: Noémi Bruzák

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Loan Budapest Public Transport

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

I Bike Budapest: Cyclists to Rule Roads on Saturday 20 April - Expect Traffic Disruptions

• 16 Apr 2024 11:58 AM

The Hungarian Cyclists’ Club will hold its major spring I Bike Budapest bicycle parade on April 20, an event that usually attracts thousands of participants.



Filipinos Banned from Driving Buses in Budapest

• 25 Mar 2024 12:06 PM

The city of Budapest has found a legal solution, via its service-ordering contracts, to ensure that no Filipino bus drivers will be employed by Arrivabus, a subcontractor of the Budapest Transport Centre, deputy mayor Ambrus Kiss announced at a press conference.



Tramline Project Launched to Link South, North Budapest

• 20 Mar 2024 6:48 AM

Budapest Mayor Gergely Karácsony said on Tuesday that a new tram line linking Budapest’s eleventh and fourth districts would be “the most important traffic development project in years to come”.



'New Era' in Hungary’s Public Transport System Gets Started

• 1 Mar 2024 8:16 AM

March 1 will be the start of a new era in Hungary’s transport system, with the introduction of new transport fees, representing the “greatest utility fee cut ever”, the minister of construction and transport said.