Hungary to spend HUF 150 bln in EU funding on flood defense

Energy Trade

Hungary will spend some HUF 150 bln in European Union funding on flood defence in the 2014-2020 budget period, a national water management authority official said yesterday.

Three flood reservoirs, with a combined capacity of 300-400 million cubic meters, will be built along the Tisza by 2020, Benedek Göncz, the head of the authority's flood protection department, said at a conference in Kisar in eastern Hungary. Hungary is about half-way to its goal of raising reservoir capacity to 1.5 billion cubic meters, he added.

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