Mayor: Renovation set for Chain Bridge, Blaha Lujza tér, cogwheel railway

Telco

Photo by Dave Martin/Mountain Leon

Budapest Mayor István Tarlos yesterday discussed plans to renovate the Chain Bridge (Lánchíd) and the busy junction of Blaha Lujza tér in central Budapest. 

Speaking at an AmCham event yesterday, Tarlós said other plans for upgrades included the Buda Castle tunnel and the cog-wheel railway in the Buda hills, which would be extended to Széll Kálman tér in one direction and up to Normafa Hill in the other.

The Chain Bridge and tunnel reconstruction would cost HUF 18 billion, the cog-wheel line extension HUF 23 bln and Blaha Lujza tér renovation HUF 1.5 bln, he said.

Tarlós said the Municipal Council had already received a loan from the European Investment Bank for the upgrades, with approval from the central government. Another EU-supported investment would entail the building of a new waste management and sludge incinerator in the city, he added.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried 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.