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Free AccessGovt Denies Expert Accusations of "Staggeringly Overpriced" Railway Project
LOCAL NEWS
- Govt denies accusations from experts that its South Circle railway project is "staggeringly overpriced" at HUF 337.9bn (EUR 945m) when a more accurate depiction would be roughly HUF 30-50 billion (EUR 84-140 million) at most and even stands out as expensive on an international scale.
- Opposition MPs have turned to govt for answers on the pricing. Govt says the project involves the track revamp and extension of the 7-km-long section between the Ferencváros and Kelenföld stations, in addition to the establishment of two new stations and aims to triple capacity on Budapest's suburban railway's main section
- Hungary's daily Covid caseload rises above 1,000 for the first time since the start of the 4th wave -registering 1,141 new cases but only 11 deaths. Health Ministry says 5.7m people have been fully vaccinated (roughly 58.4% of population
- Hungary set to sell HUF 15bn 2029 floating bonds & 20bn in 2029 bonds
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.