MAV is Seeking Bank Loan

MAV is Seeking Bank Loan
October 7, 2009 11:38 am

The debt-ridden Hungrian national rail company MAV (Magyar Államvasutak) is seeking a €325m (HUF88bn) bank loan.

If approved, half of the money would be used for a major restructuring programme for the organisation in 2010 and the remainder would compensate for the planned cut in government subsidies.
The rail company has debts of more than HUF200bn. is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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