Gov't agrees to fund some Budapest infrastructure projects

City

The central government will fund three big developments in the capital with a combined value of HUF 75 billion under an agreement reached with city leaders on Thursday, the state secretary for developments in Budapest said in a video posted on Facebook, according to a report by state news wire MTI.

Balázs Fürjes said the projects include the transformation of the embankment road on the Pest side of the capital to accommodate pedestrians and cyclists, an extension of a tram line that runs along the Danube to the south of the city, and the construction of a 1,500-space P+R in the Kelenfold neighborhood of District XI.

Fürjes noted that just HUF 80 billion in European Union funding is available to Budapest in 2021-2027, as economic indicators in the capital are well over the EU average, but he said the government wants to see the EU funding allocation for the city raised to HUF 3 trillion during the seven-year funding cycle.

Budapest will get HUF 50 bln over five years from the central government to spend on healthcare investments as the district councils see fit, he said.

A plan to increase the green space in the capital by 20% relative to population and a railway infrastructure upgrade that would double the number of commuters were also discussed with city leaders, he added.

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