New Puskas Stadium to cost HUF 190 bln

Telco

pixabay

The government has approved the budget for reconstruction of Budapest’s Puskás Ferenc Stadium, the home of the national soccer team, at HUF 190 billion, substantially up from the initially planned HUF 90-100 bln, according to reports.

Hungary’s Cabinet Chief János Lázár announced yesterday that the government had approved a budget of HUF 190 bln for the construction; however, when plans for the stadium were first unveiled in the summer of 2014, the head of the National Sports Centers put the cost of construction at HUF 90-100 bln, Hungarian news agency MTI reported. 

When journalists present at the conference asked Lazar to comment on the apparent growth in the budget, he insisted that the gross price had earlier always been HUF 180 bln, MTI added.

ADVERTISEMENT

Raiffeisen predicts 4.5% GDP growth for 2022 Analysis

Raiffeisen predicts 4.5% GDP growth for 2022

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

New partner announced at act Bán & Karika Attorneys at Law Appointments

New partner announced at act Bán & Karika Attorneys at Law

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

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.