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Transelektro plans Ft100 billion investment

Transelektro Kft, leading company of Transelektro Holding, plans to build new city center in district 13, online news portal Privátbankár reported. Constructions will be in process in the next 5-7 years behind the Duna Plaza in Budapest, on an area of 6 hectares. First section of the building operations starts next week, and the agreement with the contractor Épker Kft has already been signed. The construction of 136 luxury flats in the Ft 5 billion first section of the investments will be completed until August 2006.