Budapest 2040 rail development strategy approved
20 January 2022The Hungarian Government approved at the end of December the Budapest Railway Node Strategy which defines the development of the railway network of the capital and its metropolitan area until 2040.
EUR 10 billion is the total value of the investments, third of which is already available until 2029 and which is planned to be funded partially from the country’s Resiliency and Recovery Plan, the Connecting Europe Facility and the EU’s Multiannual Financial Framework for the 2021-2027 period.
The strategy and its proposed projects includes the renewal of the separate suburban railway services HÉV, now operated by MÁV-HÉV, a subsidiary of MÁV Hungarian Railways. On the north-south axis H5 would be connected in a tunnel with H6 and H7 while on the east-west axis H8 and H9 would be refurbished and integrated with metro line M2. Subsequently new rolling stock will be required as well.
Related
-
Saudi Arabia awards Urbas the construction and development of almost 600 homes in Riyadh
28 April 2024
-
Saudi Arabia, China to sign housing project agreements
28 April 2024
-
Rio Tinto, Eramet, LG propose lithium extraction tech for Chile
28 April 2024
-
Anglo American turns down BHP’s $38.8bn buyout bid
28 April 2024
-
Barka Power and Water contract awards valued at $356 million
28 April 2024
-
Uganda To Focus On Road Maintenance Over New Build
27 April 2024