The station was opened on 30 December 1981 as part of the extension of the line from Deák Ferenc tér to Lehel tér.

The station is one of the busiest on the line, as it provides connections to tram lines 4 and 6 on Grand Boulevard, including access to Buda via Margit Bridge.

Also, it serves the adjacent namesake Nyugati Railway Station (regional and international lines).

The station makes an appearances in the 2021 Marvel Cinematic Universe film Black Widow.

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