Hungary: Investment Plan - Commuters to enjoy safer, more comfortable and eco-friendly buses as EIB lends EUR 47m to Volán

Commuters in Hungary will enjoy new, faster, safer and more eco-friendly buses on regional and city lines across Hungary as a result of a EUR 47m loan the EIB signed today with Volán Buszpark Kft, the country’s biggest bus fleet management company. This is the first tranche of a EUR 140m loan approved by the EIB, which combined with commercial bank finance, will help to upgrade nearly half of Volán’s bus fleet. The loan is provided under the Investment Plan’s European Fund for Strategic Investments (EFSI) as it addresses the EFSI objective of smart and sustainable urban mobility in the European Union.

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