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Budapest Set To Receive Up To HUF 400 Billion In EU Funding, Mayor Claims

By Ferenc Sullivan // 2015.02.20.

Budapest is set to receive HUF 300-400 billion, or up to EUR 1.3 billion, of European Union funding over the next seven years, mayor István Tarlós has said.
In a lecture given at Corvinus University of Budapest, he said that with the help of EU support Budapest would be able to refurbish the third metro line’s infrastructure and finish the extension of tram line 1, adding that the government has already promised HUF 125 billion in financial support for the redevelopment of the dilapidated metro line. It will also enable the completion of a tram service linking the suburb of Újpalota in northeast Budapest with Baross tér.
A total of 4.5 billion forints is planned to be spent on a transport hub and P+R in Kelenföld, 4-5 billion forints on the development of embankment areas along the Danube and 2 billion forints on additional 8-10 P+R facilities around the city. An amount of HUF 3.7 billion is planned to be spent on some of the city’s pedestrian underpasses, including ones in Deák Ferenc tér , Blaha Lujza tér and Kálvin tér, he said. He added that 125 billion forints worth of funding is expected to be received from Brussels for the refurbishment of the metro 3 infrastructure.
He said some 38% of Hungary’s economic output is generated in Budapest and the city is a net contributor to the central budget. Speaking of the tasks awaiting the capital in the upcoming years, Mr. Tarlós said that flood protection is among the greatest challenges facing the city. Along the River Danube, the height of dams is insufficient on a 10-kilometre stretch and a 30-centimetre safety height extansion is absent on a further 12 kilometres – HUF 50 billion in funding will be necessary to solve the problem, he explained
Mr. Tarlós gave the university lecture upon the invitation of a student association.
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phot:án Huszti