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Nat'l asset manager to clean up former industrial explosives site

The Hungarian National Asset Management Company (MNV) will use HUF 6.4 billion in European Union funding to clean up a site in the northwest of the country where industrial explosives were made for decades, the National Development Agency told MTI.

MNV won the contract to clean up the site in a tender. The EU funding will cover 100% of the cost of the project.

Preparations for the cleanup will be completed by August 2012 and the project will finish by March 2015.

Industrial explosives were made at the site in the Peremarton district of Berhida between 1922 and 1992. Later the site was used to make artificial fertiliser. (MTI-ECONEWS)