Nyíregyháza Upgrading Infrastructure for HUF 192 bln
Nyíregyháza (250 km) is plowing close to HUF 192 billion into infrastructure upgrades at an industrial park in the south of the city that has attracted significant investments from Chinese, South Korean and German companies, Mayor Ferenc Kovács told journalists, according to conservative daily Magyar Nemzet.
The central government has earmarked HUF 152 bln in direct support for the local council, which is coordinating the infrastructure investments on an area of 640 hectares, Kovács said.
A further HUF 40 bln has been allocated to the Ministries of Energy Affairs and Construction and Transport for the infrastructure upgrades, he added.
The investments will be carried out in three phases and should finish at the end of 2025, he noted.
Chinese battery maker Sunwoda announced plans in the summer to build a HUF 580 bln plant at the industrial park in Nyíregyháza. It will be the company's first manufacturing facility in Europe.
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