News in English Volán bus transport company signs €47 million credit agreement

Volán bus transport company signs €47 million credit agreement

Panker Gergő | 2020.01.27 09:43

Volán bus transport company signs €47 million credit agreement

Photo credit: facebook/volanbusz | Fotó: facebook.com/volanbusz

The European Investment Bank has signed an agreement with Hungarian bus transport company Volán Buszpark Kft. on a €47 million credit scheme on the procurement of safe, comfortable and eco-friendly buses for regional and urban use, the European Commission has announced in a press release.

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According to the EC’s communication, the €47 million is the first part of a €140 million credit package that will allow Volán to modernize half its bus fleet using financing from commercial banks.

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