IFLR1000

City of Budapest transit automated fare system

1/4/2015
Project development, Project finance
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€ 57 million

$ 60.599 million

Completed

1/4/2015

Overview:

  • City of Budapest transit automated fare system.
  • Budapest Transport Organization Company (BKK) has taken out €57 million in financing to develop an automated fare collection system for public transport in Budapest.
  • The European Bank for Reconstruction and Development (EBRD) acted as lender.

Sam Duke - Editor

Jurisdiction:

Hungary

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Governing laws:

England and Wales
Hungary

Industry sector:

Transport

Firms:
CERHA HEMPEL

Party: Budapest Transport Organization Company (BKK) (Borrower)

Lawyer: Edina Nagy

Szecskay Attorneys At Law

Party: European Bank for Reconstruction and Development (Lender)

Lawyer: Judit Budai

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