According to “Serbian Economist”, the Hungarian government plans to allocate 3.55 trillion forints, or about 9.8 billion euros, by 2035 for the modernization of the national railway network.
Hungarian Prime Minister Péter Magyar and Minister of Transport and Investment Dávid Vitézi presented the program on July 22 at the Rakospalota-Újpest station in Budapest. Authorities are calling it one of the largest railway projects in the country’s history.
The program is designed to be implemented in several phases. Its main objectives will be to improve the reliability of transportation, reduce travel times, reconstruct tracks and stations, modernize the rolling stock, and develop international rail routes.
The government intends to ensure competitive rail service to all administrative centers in Hungary, modernize regional lines, and expand commuter service around Budapest and other major cities. Specific areas of focus will include the development of freight transport, the establishment of a rail link to Budapest Airport, and the integration of national and urban transportation systems.
It is planned to allocate 1.1 trillion forints from EU Cohesion Funds and 700 billion forints from the European Recovery and Resilience Facility (RRF) to implement the program. An additional 400 billion forints is planned to be raised through loans from the European Investment Bank, with a similar amount to be secured through concession projects. Approximately 950 billion forints will be allocated to projects under the next EU budget cycle for 2028–2034.
The government plans to purchase at least 35 new InterCity trains and 42 commuter electric trains, as well as begin renovating the country’s ten busiest train stations. The average age of MÁV trains and HÉV commuter trains is currently about 43 years, and 42% of the rail network is subject to significant speed restrictions.
On major routes, the government aims to increase the average speed to 100 km/h. Certain sections are planned to be upgraded to accommodate trains traveling at speeds of 160–200 km/h.
