The European Investment Bank (EIB) has approved a €1 billion loan for railway projects in Hungary. The Hungarian government requested the loan in September 2024. The EIB will propose the disbursement of the loan to EIB's Board of Directors. Hungary must provide €1 billion in co-financing. The project includes the renewal of 500 km of railway lines, the removal of 119 km of slow speed sections and the start of centralised transport control on 490 km. Hungarian Minister of Construction and Transport János Lázár is also planning to restructure Hungarian state railway MAV, purchase 20- to 30-year-old second-hand trains and implement a transport action plan.
