ADVERTISEMENT

Citadella funicular could be finished by 2024

City

Elena Kirey / Shutterstock.com

A funicular that will bring visitors to Citadella, at the top of Budapestʼs Gellért Hill could be finished by 2024, Budapest deputy mayor Gábor Kerpel-Fronius told reporters on Friday, according to a report by state news wire MTI.

Photo by Elena Kirey / Shutterstock.com

The funicular would replace the heavy turnover of tourist buses to the hill, he said. It could be operated profitably, and the city would spend the profit on nature preservation, he added. 

Construction of the funicular would cost HUF 1.5 billion, and it could generate revenue as much as HUF 1 bln year, Budapest chief landscape architect Sándor Bardóczi said. He noted that the funicular to the Budapest castle is also operated at a profit.

The funicular would have a capacity of about 900 people per hour, the volume necessary to replace the current stream of tourist buses, Bardóczi said.

Construction would start in two years and would take another two years to complete, he added.

The funicular will start from a 100 m-long tunnel in the Taban neighborhood and run all the way to the Citadella, at the top of the hill, which towers over the banks of the Danube at a relative height of 130 m.

The project is backed by the mayor of Budapest and the mayor of the capitalʼs District I, project company SIKLÓ-BERUHÁZÓ recently said. The company added that it is in the process of extending the construction permits for the project and updating a contract with the Budapest municipal council signed back in 2009. The government declared its support for the project in a resolution dated July 10. 

ADVERTISEMENT

Investment Fund Net Subscription Reaches HUF 192 bln in Apr Figures

Investment Fund Net Subscription Reaches HUF 192 bln in Apr

Parl't Approves Amendments to Legislation on Judiciary Parliament

Parl't Approves Amendments to Legislation on Judiciary

The Social Aspect of ESG is Now Inescapable Sustainability

The Social Aspect of ESG is Now Inescapable

Tourism Nights Slightly up in April 2023 Tourism

Tourism Nights Slightly up in April 2023

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.