BUDAPEST METRO EXPANSION: TROJAN HORSE FROM THE EUROPEAN UNION

Environmentalists and citizens groups oppose the Budapest Metro plans to build a fourth Metro Line with funds from the European Investment Bank (EIB) and other European Union (EU) funds. The line is estimated to cost some $700 million, or around $100 million a year. The national government signed an agreement with Budapest to fund 60 percent of the estimated cost, but it is unclear who will pick up the additional bill in the case of almost certain cost overruns. Hungary's Clean Air Action Group (CAAG) activists question why both the Municipality of Budapest and the National Government are able to find $100 million a year to improve transport service for the only 5 percent of the public transit riders that will be served by the new metro, while they don't have the funds to cover the $64 million a year that the Budapest Transit Authority (BKV) needs to bring the existing system into good working order.

• Record URL:
  https://www.itdp.org/wp-content/uploads/2014/07/ST8-1998.pdf
• 
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/31056686
• Corporate Authors:

  Institute for Transportation and Development Policy

  115 W 30th Street, Suite 1205
  New York, NY  United States  10001
• Authors:
  • Hook, W
• Publication Date: 1998

Language

• English

Media Info

• Pagination: p. 4-4
• Serial:
  • Sustainable Transport
  • Issue Number: 8
  • Publisher: Institute for Transportation and Development Policy
  • ISSN: 1536-2523
  • Serial URL: http://www.itdp.org/ST/index.html

Subject/Index Terms

• TRT Terms: Investments; Public transit; Transit authorities
• Identifier Terms: European Commission
• Geographic Terms: Budapest (Hungary); European Union countries; Hungary
• Subject Areas: Finance; Highways; Public Transportation; I10: Economics and Administration;

Filing Info

• Accession Number: 00745416
• Record Type: Publication
• Files: TRIS
• Created Date: Feb 6 1998 12:00AM