Daily News | Apr 18, 2019 | 0
HUF 1,000 bn EU funding available for railway development by 2020
Budapest, July 31 (MTI) – A total of 1,000 billion forints (EUR 3.2bn) will be available for railway development from European Union resources in the EU budget period until 2020, to finance the modernisation of 800km of tracks belonging to the Trans-European Transport Network, a development ministry state secretary said on Friday.
Janos Fonagy said the routes selected for the project include Budapest-Miskolc in the north, Puspokladany-Debrecen in the east, a stretch between Szantod-Koroshegy and Balatonszentgyorgy on the southern side of Lake Balaton in the west, Kelenfold-Szazhalombatta-Pusztaszabolcs in central Hungary and Szeged-Hodmezovasarhely-Gyula in the south, plus the southern railway bridge in Budapest.
The ruling Fidesz party said in a statement that while the previous governments had closed down 33 railway lines and increased fares by 140 percent the incumbent government has continuously developed the network.
Since 2010, over 350km of railway tracks have been renewed, and another 400km are planned to be upgraded by 2018. “Railways will be the main beneficiary of transport development funds in the 2014-2020 period,” the statement said.
Photo: Daily News Hungary