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LMP: Planned Spending on Fudan Should Be Spent on Higher Education More Broadly

MTI-Hungary Today 2021.07.03.

The opposition LMP has slammed the government for planning to spend 450 billion forints (EUR 1.3bn) on a Chinese-Hungarian project to set up Fudan University in Budapest without releasing the details of the investment.

The money could be used instead to create high-quality higher education in the entire country, LMP national board secretary Péter Ungár told an online press conference.

It is still unknown what rate of interest would have to be paid on the loan that the government plans to take out for the Fudan project or whether the contract could be cancelled.

Opposition Candidates Promise to Stop Fudan and Budapest-Belgrade Railway Once in Power
Opposition Candidates Promise to Stop Fudan and Budapest-Belgrade Railway Once in Power

In a letter to President Xi Jinping, they emphasized refusing to take any loans from China.Continue reading

Ungár complained that the western Hungarian city of Szombathely had recently lost 3 billion forints in central financing because Fidesz argued that the current level of economic growth did not justify such spending.

He said that if Budapest Mayor Gergely Karácsony were to become Hungary’s next prime minister, then part of the 450 billion forints in question would be channelled to Szombathely while the rest would broadly spent on higher education throughout the country, he said.

Featured photo by Zsolt Szigetváry/MTI