The Ft 3.3 billion sum is a one-off subsidy which the cabinet is re-assigning at the expense of this year's budget.

Mayor Istvan Tarlos, Development Ministry infrastructure state secretary Pal Volner and the Budapest Public Transport Centre (BKK) managing director signed a subsidy contract on Wednesday for the first stage of a trolleybus and tram procurement investment project for the capital.

Budapest will provide Ft 250 million from its own resources to the project and will receive a Ft 43 billion subsidy.

Budapest has arrived at a new chapter, Tarlos said. Thanks to the project new low-floor vehicles will enter into service on tram lines No. 1, 3, 19 and 61, and the trolleybus network will be renewed from 2014.

Source: Hungary Around the Clock

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