Swietelsky-WHB consortium signs HUF 9 billion landmark reconstruction contract

Analysis

A consortium of Austria-based Swietelsky and Hungarian-owned WHB signed a contract worth almost HUF 9 billion, net, on the reconstruction of a landmark bazaar at the foot of Castle Hill in Budapest on Thursday. The contract was signed with Várgondoksag Nonprofit and the District I local council. In addition to renovating the bazaar, Swietelsky-WHB will build an underground garage at the site, a tram stop and an escalator to take people to the Buda Castle. The project could be completed by the spring of 2014.

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