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SINGLE-WAGONLOAD SUBSIDIES KEEP 5 M TONNES OF FREIGHT OFF ROADS

 

Rail freight volume supported by government subsidies for single-wagonload transport has reached 5 million tonnes, state-owned railway company MÁV said on Wednesday. The subsidies rechannelled several hundred thousand lorry loads to railways, reducing emissions by 79,000 tonnes, MÁV said. MÁV, together with peers CER Hungary, GYSEV Cargo, Floyd — now called EUROGATE Rail Hungary — and Rail Cargo Hungaria, signed a framework contract with the government in November 2021 on support for loss-making single-wagonload transport which allows individual wagons from different consignors to be bundled into a single train. The subsidies come to an annual 6.4 billion forints (EUR 15.9m) for the period 2022-2025. MMV Magyar Magánvasút has since joined the subsidy scheme.