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Gov’t Decides on Subsidy for Budapest Public Transport Vehicle Procurements

MTI-Hungary Today 2020.11.04.

The Orbán government has decided to subsidise the purchase of green public transport vehicles for Budapest, according to the official state gazette on Wednesday.

It will subsidise the purchase of 100 new trolley buses and trams from an existing 61 billion forint (EUR 166.5m) credit line extended to the Budapest municipality for the purpose of developing public transport in the capital.

Thanks to government support, 1,052 new metro trains, trams, buses and trolley buses can enter service in Budapest by 2022, according to the announcement.

Between 2010 and 2021, the government will have provided 1,330 billion forints of support to the capital for its public transport network.

Budapest Mayor Re-applies for Gov't Approval to EU Loan to Buy Trolleybuses, Trams
Budapest Mayor Re-applies for Gov't Approval to EU Loan to Buy Trolleybuses, Trams

The municipality of Budapest will approach the government for a second time to request approval to the city’s taking out a loan from the European Investment Bank on “extremely good” conditions to buy 50 new trolleybuses and 50 trams, Mayor Gergely Karácsony told a press conference on Thursday. Karácsony said that the city council had […]Continue reading

Meanwhile, state treasury data show that the municipality of Budapest has cash of 224 billion forints at its disposal. The finance minister has said that the capital’s administration also has 61 billion forints in the form of a credit line provided by the European Investment Bank in cooperation with the government.

Featured photo illustration by Zoltán Máthé/MTI