World Aquatics Championships budget estimated at HUF 49 bln
Playing host to the 2017 FINA World Aquatics Championships could cost Hungary HUF 49 bln, however, the budget would recover about HUF 10 bln in the form of VAT, the governmentʼs commissioner for priority investments in the capital said on commercial radio on yesterday.
Balázs Fürjes said the aquatics center to be built in the north of Budapest and serve as the eventʼs main venue would cost net HUF 21.4 bln.
Planning is expected to cost net HUF 1.5 bln, while net HUF 14 bln has been budgeted for the construction and dismantling of temporary structures and flood protection infrastructure, and net HUF 1.8 bln has been set aside for contingency. Inclusive of VAT, all costs amount to approximately HUF 49 bln, he said. The 2016 budget bill has allocated HUF 27.3 bln for developments necessary to host the event.
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