Coronavirus: HUF 60 Billion Relief Aid Offered To Budapest To Finance Projects

  • 29 Oct 2020 7:37 AM
  • Hungary Matters
Coronavirus: HUF 60 Billion Relief Aid Offered To Budapest  To Finance Projects
The central government has decided to offer the city of Budapest an initial round of 60 billion forints (EUR 164.4m) in relief, if the government can take over the financing of a number of big municipal projects, the Prime Minister’s Office state secretary for Budapest developments told MTI.

The government is proposing taking over the financing of the Biodome in the City Park, the Gellért Hill funicular, the extension of the tram network in Buda, the expansion of the Etele Square bus station, and a project that would partially pedestrianize the Pest embankment road, Balázs Fürjes said in a statement.

He added that the projects had been designated earlier by Gergely Karácsony, the mayor of Budapest, as ones that require more central government support as well as revenue from municipal tax increases and local council loans.

Fürjes said the government’s proposal to “develop Budapest together without raising taxes or borrowing” was “simpler and more practical”.

He said the central government would give Karácsony a guarantee that the plans for the projects it finances would be drafted together with the municipal council and would only move forward with the approval of city leaders.

Fürjes added that the central government would only take over the financing of the projects based on consultations with the local council and the needs of the mayor.

MTI Photo: Zoltán Máthé

Related links

Gellért Hill's 'Citadella Funicular' Project Preparations Ready Soon

Budapest Zoo Ran Out Of Funding To Complete EUR 188 Million Biodome

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