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BUDAPEST MAYOR SIGNS AGREEMENT ON STATE FUNDING FOR CITY PUBLIC TRANSPORT

 

Budapest Mayor Gergely Karácsony has signed a 12 billion forint (EUR 33m) agreement on the state funding of the city’s public transport system, support which he said covered 7% of the sector’s total budget. Karácsony told a press conference after meeting Innovation and Technology Minister László Palkovics on Monday that the funding ensured the stable operation of public transport in the city. If the money is transferred this year, the city transport company will close the year without any debt, he said.
Karácsony said it was “unclear” why political pressure from the municipality had been needed before the central funding was released. The funding is normally allocated around this time of the year, he added.