ADVERTISEMENT

Expressway to Ferenc Liszt Airport could be renovated by 2024

Telco

Shutterstock.com

A feasibility study on the renovation of the expressway connecting the main parts of Budapest to Ferenc Liszt International Airport is expected to be finished early 2020 and the project itself could be wound up around 2024, Gergely Gulyás, head of the Prime Ministerʼs Office, said at a regular press briefing, state news wire MTI reports.

Gulyás said the deadline for the entire planning phase of the renovation project is June 2022. A tender could then be called for the project, with a winner selected within six months. The construction work could take one or two years.

In 2018 the government earmarked HUF 20.3 billion for the project, Gulyás noted that the scope of the endeavor has grown since then and it will encompass more elements, raising costs.

Out of the original HUF 20.3 bln a "couple of billion forints" should cover the planning costs with the rest going towards implementation. The government also plans to use EU development funds for the project, he added.

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.