The MÁV Group will be restructured at the beginning of next year. The state railroads will be divided into 3+1 large organizational units.
MÁV Pályaműködtetési Zrt. will be created by separating the track operations division. Volánbusz, MÁV and MÁV-HÉV will merge to form MÁV Személyszállítási Zrt. with around 30,000 employees. MÁV Szolgáltatóközpont Zrt. will ensure its service background. The work of the three large professional units will continue to be coordinated by MÁV Zrt. as the group management company.
At the beginning of next year, MÁV Zrt. plans to take out a loan of EUR 1 billion from the European Investment Bank (EIB), which will be supplemented by EUR 1 billion in own funds. This will enable investments totaling around HUF 800 billion (EUR 1.9 billion) to begin.
For example, 317 km of track will be modernized, 50 km of which will be electrified and 490 km will be equipped with a modern central traffic control system. The modernization of the vehicle fleet is expected to take several years. As an immediate measure, the overhaul of 100 railcars has begun. Half of the coaches are IC coaches, the others are long-distance, dining or couchette coaches. All of these vehicles are to be put back into service by the end of 2025.