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The central government decided on Tuesday 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 on Wednesday.

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.

Completing Biodome Investment Project Less Costly than Projected, says Mayor Karácsony
Completing Biodome Investment Project Less Costly than Projected, says Mayor Karácsony

The Biodome project can be completed from 10 billion forints (EUR 28m) less than previously projected but extra resources will still need to be used, Budapest Mayor Gergely Karácsony said on Thursday, citing a recent audit of the project. The Biodome, presenting life in the Carpathian Basin millions of years ago, is located on the […]Continue reading

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 is “simpler and more practical”: “Let’s develop Budapest together, but do it without tax increases and borrowing”.

Gov't Proposes to Take Over Development Projects from Budapest
Gov't Proposes to Take Over Development Projects from Budapest

The Orbán government and the Budapest municipal council reached agreements on multiple key projects, including the renovation of the capital’s iconic Chain Bridge, at a meeting of the municipal public development council, the state secretary in charge of development projects in and around Budapest said on Thursday. The government has agreed to provide the six […]Continue reading

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.

In the featured photo: state secretary Balázs Fürjes. Photo by Balázs Mohai/MTI