EIB funds rehabilitation of Hungary’s railway infrastructure

The European Investment Bank (EIB) is lending US$340 million to finance the implementation of Hungary’s railway infrastructure rehabilitation and upgrading investment programme for the period 2013-2016. The objective is to improve the safety, capacity and performance of the existing conventional railway infrastructure with positive impacts on commuters and long-distance travellers as well as on freight traffic. The EIB loan will help the Hungarian railways to become more competitive and attractive in co
January 8, 2014 Read time: 1 min
The 4270 European Investment Bank (EIB) is lending US$340 million to finance the implementation of Hungary’s railway infrastructure rehabilitation and upgrading investment programme for the period 2013-2016. The objective is to improve the safety, capacity and performance of the existing conventional railway infrastructure with positive impacts on commuters and long-distance travellers as well as on freight traffic.
 
The EIB loan will help the Hungarian railways to become more competitive and attractive in comparison will less environmentally friendly modes of transport such as by road. The project comprises various schemes located across the whole country, particularly involving the improvement of tracks, signalling, telecommunications and bridges, as well as the modernisation of stations and passenger buildings, including increasing their accessibility for people with reduced mobility.

For more information on companies in this article

Related Content

  • Cost benefit: Toronto retimings tame traffic trauma
    July 19, 2018
    Canada’s largest city reckons that it is saving its taxpayers’ money simply by altering the way traffic lights work. David Crawford reviews Toronto’s ambitious plans to ease congestion Toronto, Canada’s largest metropolis (and the fourth largest in North America), has saved its residents CAN$53 (US$42.4) for every CAN$1 (US$0.80) spent over a 2012-2016 traffic signal retiming programme, according to figures released by its Transportation Services Division. The programme covered 1,275 signals (the city’s
    Read More
  • Traffic signal priority initiatives aid better bus travel
    March 15, 2012
    David Crawford investigates traffic signal priority initiatives developing for better bus travel on the US Pacific Coast Transit patronage rises by an average of 35% along commuter corridors equipped with bus rapid transit (BRT) systems, according to the US Department of Transportation’s Federal Transit Administration (FTA). BRT as defined as bus transit enhanced with ITS systems for better services, is winning new passengers attracted by opportunity to avoid increasing fuel costs and traffic congestion.
    Read More
  • Cost benefit: Toronto retimings tame traffic trauma
    July 11, 2018
    Canada’s largest city reckons that it is saving its taxpayers’ money simply by altering the way traffic lights work. David Crawford reviews Toronto’s ambitious plans to ease congestion. Toronto, Canada’s largest metropolis (and the fourth largest in North America), has saved its residents CAN$53 (US$42.4) for every CAN$1 (US$0.80) spent over a 2012-2016 traffic signal retiming programme, according to figures released by its Transportation Services Division. The programme covered 1,275 signals (the city’s to
    Read More
  • Swarco traffic management for Hungary
    February 25, 2014
    Swarco has been awarded a contract for a major traffic management project with various locations throughout Hungary, including several urban areas, by the Hungarian Public Road Non-Profit. Swarco will develop a new fault indication system specifically tailored to Hungarian needs and also adapt its service software to suit local requirements. The final system will provide an advanced traffic control system that provides harmonised and adaptive traffic control with remote control to help improve traffic f
    Read More

Highlighted Content