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Hungary: Investors to spend on residential park infrastructure

  Hungarian, Austrian and American investors have started a HUF 1.5 billion project to build infrastructure at a site on the edge of Győr (northwest Hungary) with the aim of transforming it into a residential complex, Tibor Kovács, managing director of project company Szitasdomb Lakópark, said on Wednesday.

Szitasdomb Lakópark will install utilities at the 20-hectare site as well as build roads, pedestrian paths and other infrastructure, Kovács said.

The site will have plots for 104 family homes and 30 condominiums with at most eight homes apiece. The investors are paying for the investment with their own resources and bank loans. (MTI-Econews)