Airport At Lake Balaton, Hungary To Be Renovated For HUF 5bn

  • 2 Dec 2015 10:00 AM
Airport At Lake Balaton, Hungary To Be Renovated For HUF 5bn
The Héviz-Sármellék airport at Lake Balaton will be renovated at a cost of 5 billion forints (EUR 16.1m), and will be connected to the M7 motorway by a new main road which will be built for an additional 4 billion forints, the daily Magyar Idők reported. The project is part of a plan of renewing the Balaton region to be carried out in the 2014- 2020 European Union funding period, Héviz mayor Gábor Papp told the daily.

The motorway connection could bring new investments to nearby towns of Nagykanizsa and Zalaegerszeg. Passenger numbers at Hévíz- Sármellék rose by almost a fifth to 33,000 last year from 2013.

The airport is 49% owned by SGH Aviation Hungary, a company of Hungarian businessman Gábor Széles whose holdings include the Videoton group, the television Echo TV and the daily Magyar Hirlap among others.

Széles’s company bought its stake in the airport for 700 million forints from the local government of Hévíz in October 2014. The Hévíz local government currently holds 49% and the local government of Zalavár holds the remaining 2%.

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