Budapest City Hall signed two contracts on the renovation of North section of metro line M 3 with a total value of EUR 235 million. The project involves the renovation of all stations across the northern section as well as the reconstruction of the line, tunnel works and renewal of the safety equipment.
Swietelsky Vasúttechnikai Kft. won a HUF 47.8 billion (EUR 156.3 million) contract for track construction, tunneling, security equipment and central dispatching system. By 2020, the company should complete all the works needed for the full section in length of 17.1 km.
Under the HUF 24.1 billion (EUR 78.8 million) contract signed with the local unit of Austriaʼs Strabag, Strabag Építőipari Zrt, the contractor will perform renovation works for 6 stations: Újpest-Központ, Újpest-Városkapu, Gyöngyösi utca, Forgách utca, Árpád híd and Dózsa György út stations. By the autumn of 2018 the company has to complete all needed works, and the section will be put into operation at the end of 2018. 
According to the Mayor Tarlós István, the government is ready to provide HUF 137.5 million (EUR 449,581) if the EU will not offer its co-financing.
Soon, the Budapest Transport Privately Held Corporation (BKV) will launch a new tender for the renovation of stations on the middle and southern stretches of the line. The tender is the third the BKV has called after deciding the offers in the first two tenders were unrealistic, meaning that only work on the northern stretch will begin in the immediate future.
Initial plans envisage the Line 3 renovation to be completed in 2019, but due to repeated delays, the target can’t be achieved.
The M3 is the longest metro line in the Hungarian capital and runs on north-south direction parallel to the Danube on the Pest side.
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