Gergely Karácsony said that the parties have signed all the necessary documents related to the area in District XIV in the northwest of the capital, and the Budapest company will transfer the first installment of the purchase price on Monday, he said in a post on Facebook.
An application for the registration of the Budapest company’s ownership will be lodged at the land office the following day, he added.
Based on the purchase contract, an agreement must be reached with national railway company MÁV on how to divide land usage within 60 days, then the Budapest company can take possession within a month. It will then begin removing waste blighting the area.
This includes waste deposited by the state, he said, adding that a deal will also have to be concluded on state transport investments and legislative amendments needed for developing the area.
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