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Budapest short about HUF 100 bln for first section of metro 4 line

The city of Budapest is short about HUF 100 billion to pay invoices for the first section of the fourth underground line, mayor István Tarlós said at a press conference, answering a question.

Tarlós was asked about a report in daily Magyar Nemzet in which János Atkári, a deputy mayor between 1994 and 2006 and now advisor to the mayor, said the local council's debts had reached a critical level, over HUF 200 billion with the drawdown of HUF 40 billion loans needed for the city's part of EU-funded investments at the start of the year. At this level, cutbacks on developments are inevitable, Atkári said. The city could save HUF 80 billion over four years through the austerity measures, he added.

The city will not eliminate the second section of the metro line from among its investment plans, but it does not have the money to build it, Tarlós said. (MTI – Econews)