Govt commissioner files criminal report in Budapest Airport privatization matter

City

The Government Commissioner's Office has made a criminal complaint in the matter of some €85m in damages to the Hungarian state resulting from the failure of the owner of Budapest Airport to make promised investments at Liszt Ferenc International Airport, government commissioner for accountability Gyula Budai said on Thursday.

Airport operator Budapest Airport was privatized in 2005. The UK's BAA paid HUF 465bn in the transaction and promised to invest a further €260.6m at the airport by 2011. BAA was acquired by Spain's Ferrovial in 2006 and Budapest Airport was sold to Hochtief for €1.9bn in 2007.

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