Budapest 2040 rail development strategy approved
20 January 2022
The 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
-
ACWA Power Signs Agreements Worth USD 500 Million With US Firms, Expanding Collaboration to USD 6 Billion
15 May 2025
-
Sacyr wins water concession in Chile with initial investment of €260m
15 May 2025
-
Bechtel to expand King Salman International Airport in Riyadh
15 May 2025
-
South Korean giant LG begins work on third Indian factory
14 May 2025
-
Egis expands energy sector expertise with the acquisition of Omnia Projects
14 May 2025
-
Financing secured for 62 MW solar project in Togo
14 May 2025