Hungary to build EUR 1 bln green-powered town from scratch

Recycling

Hungary is planning to create a EUR 1 billion green-powered town with jobs and housing for thousands on a barren strip of Danube flood plain, according to international news agency Bloomberg.

The EUR 1 billion Hegyeshalom-Bezenye project (based 171 km northwest of Budapest) will be the size of about 500 soccer pitches and have full amenities such as schools and shopping facilities, said co-developers E.ON SE and German property company FAKT AG.

Vegetables will be grown under glass where scrubland is today. The carbon-neutral town will draw mainly on solar and biogas power and will create as many as 5,000 permanent jobs in the greenhouse venture, Nikolai Ulrich, a board member of FAKT, told Bloomberg by telephone.

The property company is partnering with electric utility company E.ON, construction firm the KÉSZ Group and the Hungarian government on the venture. When complete, Hegyeshalom-Bezenye will include about 1,000 homes, a restaurant, hotel, railway station, and shopping facilities, as well as schools and training units.

The project embeds a sustainable water management policy that aims to avoid lowering the area’s water table, explained Ulrich. Cooling will be supplied via geothermal plants, he added.

As well as boosting Hungary’s supply of tomatoes, peppers and aubergines, the site will host Europe’s largest inland fishery, cultivating salmon, bass and sea bream, Ulrich said.

Hungary Signs HUF 6 bln Tied Aid Deal With Kenya Analysis

Hungary Signs HUF 6 bln Tied Aid Deal With Kenya

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.