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The city of Szeged has signed a HUF 1.2 billion (€4.48 million) contract with the Merkbau Kft and a HUF 233 million contract with the ATV Szeged Consortium to implement European Union-supported downtown reconstruction projects, Szeged Mayor László Botka said on Wednesday.
Botka said that Szeged would spend HUF 3.3 billion on reconstruction of the city's downtown, noting that Szeged has been granted HUF 2.1 billion in funding from the Southern Great Plain Regional Operative Program for the investment, while the local council would finance the remaining HUF 1.2 billion of the project. (MTI-ECONEWS)