In 2014 the domestic ticket revenue of MÁV-START has increased by 1.5%, by an amount of HUF 540 million, while growth from sales revenues from international tickets also exceeded the performance of 2013 by over 1,1 billion HUF. Contributing to these favorable statistics were the growth of numbers of passengers who bought
Tag "Hungary"
MÁV-START revenues increased by more than HUF 1,6 billion last year compared to 2013
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Hungarian state-owned rolling stock manufacturer Dunakeszi Járműjavító and Stadler Trains Hungary Kft., local subsidiary of Swiss Stadler Rail, have signed a memorandum of understating for cooperation in production. In accordance with the document signed, Stadler will design and produce the aluminium car bodies, while Dunakeszi Járműjavító will assemble and commission the units. The two companies expressed interest in participating together
The European Commission has approved Hungary’s Integrated Transport Development Operational Programme (ITOP), attracting EU funds worth HUF 1,032 billion. The electrification of railway lines, the elimination of railway bottlenecks and slow zones, the acquisition of suburban multiple units and local buses and the establishment of passenger transport hubs and transit connections are
Hungarian railway passenger operator, MAV Start has awarded ÖBB Personenverkehr AG a EUR 6.5 million tender (approx. HUF 2 bn) for the supply of 55 used passenger coaches. The 49 Bmpz-l class coaches and 6 Bmpz-f class control cab coaches are capable of running at a maximum speed of 140 km/hour and can
The modernisation works for Gyoma-Bekescsaba railway section and three train stations along the route (Csardaszallas, Mezobereny and Murony) were completed. The 32.2 km- long railway line, part of trans-European Orient/East Med and Rhine-Danube corridors, connects the countries of Western Europe and south-eastern regions of Europe, Romanian, Bulgarian and Greek ports. Rehabilitation of Budapest-Lőkösháza
Romanian locomotive manufacturer Softronic and Hungarian company LAC Holding have signed a letter of intent to build a locomotive plant in Hungary. The new facility will be built by the end of next year, and will begin production in 2016. In first phase, various parts and electronic components will supplied by Softronic and
The EIB loan supporting rehabilitation in the railway sector will co-finance projects with a total cost of EUR 1.2 billion. The individual sub-projects are located throughout Hungary. They are focused on the rehabilitation and reconstruction of various TEN-T railway lines, purchase of 42 Electric Multiple Units for commuter railway traffic around Budapest and
In 2014-2020, Hungary plans to allocate a net amount of HUF 1,605 billion from the Integrated Transport Development Operational Programme (ITOP) and the Connecting Europe Facility (CEF) to transport development projects, complemented from other EU sources, Minister of State for Transport Policy of the Ministry of National Development László Tasó
The Hungarian National Asset Management Company (MNV), on behalf of the Hungarian state, has signed an agreement to purchase the 64.9% stake in Bombardier Transportation MÁV Hungary Kft., a joint venture of Bombardier Transportation, the Hungarian State Railways MÁV (25%) and the employees (10%). The acquisition is considered as national strategic, aiming to save jobs
Railway development projects are a priority for the 2014-2020 programming period, the total amount allocated for the modernisation of Hungarian railways reaching HUF 1000 bn (EUR 3.2 bn). According to Florian Szalóki Deputy State Minister – Ministry of National Development, transport projects received a total amount of HUF 2700 bn under the Transport Operational Programme (TOP) 2007-2013.
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