The declaration, signed by National Development Ministry Tamás Fellegi and Talentis Group founder Sándor Kenyeres, states that an international knowledge center in the Zsámbék Basin, near Budapest, will be set up within the framework of the New Széchenyi Plan.
The state could own 10-15% of the JV through an apportion of land, Fellegi said. A final decision on the matter could be taken by July, following legal and financial due diligence by the ministry, he added.
The size of the project could reach HUF 10 billion, Fellegi said.
The declaration establishes the framework for the cooperation between the government and the Talentis Programme, he said, adding that R&D, innovation, education and technological development are all part of the cooperation. The program creates value and new jobs, and raises competitiveness to a new level, he said.
Kenyeres said the JV will be set up because the program serves the public benefit.
Talentis Group CEO Ernő Takács said €100 million of investments had been carried out during the first phase of program, which finished in 2009. These included the construction of an innovation centre, a conference hotel and an industrial park, he added.
The full program, launched in 2003, is to take 20 years.
The JV is to be set up in July, after the ministry’s experts review the program, finalize the ownership structure and outline developments until the end of 2014, Takács said.
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