New framework and metro for Budapest
Financial agreement has been reached on Metro line 4 extension, consisting of 4 new stations and a new line of 2.7 km.
Hungarian government will finance 70% and the municipality of Budapest will finance 30% of the project, estimated €325-400m.
The total line Metró 4 project, decided in May 2003, partly funded by EIB, consists in a 10 km line with 14 stations, providing a commercial speed of 30km/h with a train every 150 seconds. More than 400,000 commuters are expected to use this line every day.
The first section is expected to enter in service in 2008 and the extension in 2009, for a total cost of €1.2bn.
First tenders have been published in December for the construction works for tunnels, shafts and subways. Hungarian government is currently thinking of introducing a road charging scheme, to reduce congestion and finance public transport infrastructure.
This project will be supported by a relevant fare system for all modes and by the creation of a Transport Authority : Budapesti Közlekedési Szövestég.