The foundation-stone of the Hungarian Railway Museum was laid on 22 November 1999, on the site of the former Budapest North Depot of the Hungarian State Railways (MÁV). The first phase of the project was completed in less than eight months, funded by the Ministry of Transport and Waterways, MÁV and MÁV Nosztalgia Ltd, the heritage division of MÁV. After many months of effort, Europes first interactive railway museum opened on 14 July 2000, displaying over a hundred railway vehicles and equipment of varying ages on a site of over 70,000 m2.
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