Hungary: EC approves finance for the acquisition of 42 trains

MAVThe European Commission has approved an investment of more than EUR 220 million from the Cohesion Fund (CF) to modernise the rolling stock fleet within the Hungarian regional railways with the purchase of 42 trains. The project is supposed to be completed by the end of the year.
The new vehicles are intended to be operated on sub urban and regional traffic lines which connect Budapest to Esztergom, to Veresegyház and Vác, to Vác and Szob, to Monor and Cegléd, to Székesfehérvár, and to Pusztaszabolcs.
“This investment is a good example of how regional policy can contribute to modernising rail transport while ensuring safe, sustainable and environmentally friendly travel conditions, thus improving travel conditions for passengers,” Commissioner for Regional Policy Corina Creţu, who approved the decision, said.
The investment is provided by the programme “Transport” under the priority axis “Improving urban and suburban public transport, environment-friendly developments”. The European Union, trough the CF will finance almost EUR 221 million out of a total investment of almost EUR 260 million.

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