Hungary to introduce e-toll system by mid-2013

Telco

Hungary is to introduce an electronic toll system by July 1, 2013 at the latest, a government resolution published on Thursday show.

The resolution contains details of the planned toll system which was part of the Széll Kálmán Plan 2.0, an updated version of Hungary's structural reform program unveiled at the end of April.
The size of tolls in the new system will be determined by distance travelled. The system at present uses vignettes valid for time increments. Discounts up to 13% for frequent travel will be available from six months after the launch of the system.
The e-toll system will be mandatory for vehicles over 3.5 tons, but passenger vehicles and buses may join voluntarily starting six months after its introduction.
Accelerated public procurement procedures to set up the system will be called in the first half of 2012. The State Motorway Management Company (AAK), the collector of the tolls, will take out a loan to pay for equipment for the system.
The resolution mandates the national development minister and the national economy minister to take immediate measures with a view to the provision of the funds and commitments worth HUF 214.5 billion necessary for the procurement of the electronic toll system and the financing of the service for 10 years.
The cost of the investment is expected to be recouped within a few years. The e-toll system is expected to generate an additional HUF 150 billion of revenue a year, including HUF 75 billion in 2013.

Agriculture Ministry Committed to Sustainable Viticulture Crops

Agriculture Ministry Committed to Sustainable Viticulture

Hungary Condemns Iranian Attack on Israel Int’l Relations

Hungary Condemns Iranian Attack on Israel

Wizz Air's 1st Debrecen-Istanbul Flight Takes Off Transport

Wizz Air's 1st Debrecen-Istanbul Flight Takes Off

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D... Hotels

Tribe Hotel Budapest Stadium Recognized at LIV Hospitality D...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.