Hungary approves EUR 3.92 billion for rail projects

mav_start_Sursa_vecseshirekhu.web.maxer.huBased on the National Transport and Infrastructure Development Strategy, the Integrated Transport-Development Operational Programme (ITOP)in Hungary has been set up for the 2014-2020 period with EUR 3,92 billion (EU support rate is around 85%).
At the beginning of this week, the Hungarian Government, in the 2016 budget, included the EUR 3.92 billion investments for the rail sector.
The Programme will focus on improving the international railway accessibility and developing sustainable urban and suburban rail transport. Improved travel times on railways is also an objective of the Programme, thus close to 280 km railway line will be upgraded.
The Hungarian Government expects public transport to become a more attractive alternative with over 132 km metro, tram and local train lines to be built or upgraded.
The funds are allocated from the Cohesion Fund with EUR 2.7 billion and from the  Regional Development Fund (ERDF) with EUR 631 million.
Almost two-thirds of ITOP’s total budget is allocated for the development of the TEN-T network, and at the same time for the development of rail and urban transport, as opposed to road transport.

As a result of the developments, the accessibility of cities, towns, and economic regions is set to improve. The service standard of community transport is also expected to increase, with the goal of noticeably reduced railway travel times.

In addition to the ITOP projects, the Connecting Europe Facility (CEF) may contribute another HUF 400 billion (EUR 1.32 billion) to the development of the Hungarian sections of international road, railway and waterway core network corridors.


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