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The local council of Tiszaújváros plans a HUF 1.44 billion investment at its local spa, supported with about HUF 500 million in European Union funding, managing director of spa operator Tiszaszolg Péter Marozsán said on Wednesday, signing the contract for the EU support.
The local council will cover HUF 360 million of the cost of the project with its own resources and take out HUF 565 million in loans.
The investment, which includes the construction of new pools and changing rooms, is to be completed by August 2011. The project is expected to raise annual visitor numbers by about 100,000 to 300,000. (MTI-ECONEWS)