85.6 million euros to supporting Hungary’s railway cargo transport

The government is allocating 30 billion forints (EUR 85.6m) to supporting railway cargo transport, the innovation and technology ministry said on Monday.

Single wagon transport, where smaller amounts of cargo from multiple facilities are organised into shipments based on their destination, is used by over 700 companies in Hungary, including those from strategic sectors such as pharmaceutical, energy and forestry companies, the statement said.

Around one-fifth of goods transported via railway in Hungary are shipped in single wagon shipments, the ministry said.

The government support to the sector currently making losses on the market will preserve thousands of jobs and keep some 10-12 million tonnes of goods in an environmentally friendly transport mode, the statement said.

Government grants, available through the railway company MÁV, will come to a total of 3.7 billion forints this year and 6.4 billion annually until 2025 afterwards,

the ministry said.

As we wrote last week, all preparations had been completed in connection with the Szeged-Subotica (Szabadka) railway line, to ensure a “comfortable and fast” train ride from next summer on, details HERE.

Also interesting, once the new service is complete within the next 10 years, Vienna and Bratislava will be accessible from Budapest in less than 2 hours, Prague in 3.5 hours, and Warsaw in 5.5 hours, read more HERE.

Source: MTI