ADVERTISEMENT

EU funding for Geodézia to model extraordinary rainfall

Telco

Land surveying company Geodézia will develop a geographic information system to model extraordinary precipitation in a HUF 919 million project supported by a European Union grant of HUF 509 mln, won jointly with water management company Délvíz, Geodézia told Hungarian news agency MTI.

The Budapest University of Technology and Economics (BME) will also participate in the project. 

Geodézia CEO Otto Brunbauer said the resulting technology will be used to optimize rainwater drainage systems through modelling average and extraordinary rainfall using data from a given locality. It will also be suitable for analyzing the impact of planned new investments on the existing infrastructure. 

Climate change forecasts show extraordinary precipitation will become more frequent in Hungary, and it is therefore essential to survey and optimize rainwater drainage systems, especially in densely populated areas, Geodézia said in the statement.

Geodézia posted revenues of HUF 3.89 bln in 2015.

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan Debt

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan

Hungary Treats Smooth EU Transition as Priority, Says Bóka EU

Hungary Treats Smooth EU Transition as Priority, Says Bóka

HU-rizon Program: HUF 8 bln Funding for International Resear... Science

HU-rizon Program: HUF 8 bln Funding for International Resear...

Inspiring Women at the Focus of Gourmet Fest In Budapest

Inspiring Women at the Focus of Gourmet Fest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.