Unprecedented Railway Developments In Hungary Planned This Year

  • 15 Jan 2021 8:27 AM
  • Budapest Business Journal
Unprecedented Railway Developments In Hungary Planned This Year
Unprecedented railway developments will be completed in Hungary this year, worth about HUF 700 billion of investment, said State Secretary for Transport Policy László Mosóczi, of the Ministry of Innovation and Technology (ITM).

He indicated that in the new EU financial cycle Hungary can spend a total of up to HUF 2 trillion on community co-financing for railway investments, and in order to successfully commit the amount, the government provided a total of HUF 32 bln at the end of last summer to plan 20 railway developments.

The preparatory projects will be the basis for the start of construction works requiring approximately HUF 1 tln in resources, if possible as early as 2022.

MTI Photo: György Varga

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Hungarian Railways To Get HUF 20 Billion For Track & Station Renovations

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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