Air traffic control HungaroControl has announced the launch of a HUF 11-billion investment, building a new control center in Budapest, Világgazdaság Online reported.
The investment will involve constructing a nearly 10,000 square-meter facility fitted with state of the art equipment. The project is expected to make the company one of the leading aviation controllers in the region.
HungaroControl already meets the requirements laid out at an EU level until 2014, said Kornél Szepessy, president-CEO of the firm. However, due to the projected drastic leap in the number of air passengers in Europe over the coming years, controllers are prompted to invest and develop their operations.
The European Union is pushing air traffic controllers to invest extensively since the continent’s air traffic regulation is still way behind the United States in terms of efficiency.
HungaroControl covered 80% of the development’s costs from its own resources, the rest came from EU funding.