Last week the local council of Budapest approved the contract on the state guaranteeing the full 140 billion forints even if EU funding for the project fails to materialise.

The renovation will start in November and is scheduled to be completed in the summer of 2019.

Rails, security equipment and control centres will be replaced while escalators will be renovated and stations expanded as part of the project.

Source: www.hungarymatters.hu
Republished with permission of Hungary Matters, MTI’s daily newsletter.