BKK Budapest Transport will not launch its regular boat service on the Danube this year due to lack of financial resources, Telex reports.
The Budapest Transport Privately Held Corporation (BKK) service was an attractive option for both locals and tourists, as it was possible to take a scenic ferryboat trip on the Danube for the price of a single public transport ticket.
According to Tibor Bolla, CEO of the company, the decision was made due to the lack of financial resources caused by the coronavirus epidemic, as both the company and Budapest are short on money.
BKK has long been struggling with financing its popular boat service as the revenue coming from ticket prices cannot cover the extra HUF 300-500 million cost it generates. This year the company decided to spend the money on more essential operations like buses and trams.
Unfortunately, it is also unclear whether the service can continue next year. BKK will either operate at a loss or raise its prices to market levels for the sake of sustainability.
Featured photo by József Balatoni/MTI