Hungary to allocate almost EUR 4 bn for railways

hungaryThe Hungarian government has approved a HUF 1.2 trillion (EUR 3.8 billion) development program for the country’s railway infrastructure, Cabinet Chief János Lázár said. Some 80% of the costs are set to be covered by the EU.
Along with modernizing rail junction points and spending HUF 100 billion (EUR 323.7 million) on purchasing train carriages, the government is also planning to modernize the Budapest-Százhalombatta line, the Budapest-Hatvan line and railway lines around Lake Balaton, along with other planned projects.

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