Politics

Budapest Mayor Envisions “Spectacular Developments” In Coming Years

Budapest is slated for some new spectacular developments financed from European Union funding by 2020, Mayor István Tarlós said. The city is set to complete significant tourism and public utilities projects from EU funds, Tarlós told public news channel M1. The mayor said planned developments included the extension of tram line 1, the completion of a tram service linking Újpalota in northeast Budapest with Baross Square, the revamp of metro line 3, the revamp of the Budapest Zoo and the construction of a new waste management facility. Tarlós said Budapest has only to gain from hosting the 2024 Olympics, adding that by 2020, the city could see a number of transport and infrastructure developments necessary for hosting the games.

The Budapest city council has recently approved the Hungarian capital’s financing programme until 2019, Tarlós said. Transport schemes predominate the programme prepared by the mayor and his financial deputy Gábor Bagdy, who noted that Budapest’s most significant backlog is in this area. The programme lists projects planned to be completed and others planned to be started in the period running until 2019. Since the municipality’s own resources for development are shrinking the main source of financing will be a 340 billion forint allocation (EUR 1.13bn) approved by the government in March 2015. The most important development projects planned for the period are the revamp of metro line 3 and the refurbishment of metro carriages, the mayor said. The former will be carried out from European Union resources, the latter using a loan, he added.

via hungarymatters.hu and hirado.hu photo: Zoltán Máthé – MTI