Massive upgrades coming to North Budapest: Rail, roads, and green spaces
The Construction and Transportation Ministry, on behalf of the government, and Budapest Közművek Nonprofit (BKM), a utilities company owned by the municipal council of Budapest, which has purchased the land around the Rákosrendező railway station around the north of the capital, on Friday signed an agreement on the infrastructure investments for the project, the ministry said on Friday.
The agreement, which was also approved by the Budapest City Council, confirms that “Budapest is just as entitled to state infrastructure development worth at least EUR 800m in connection with the Rákosrendező project as the Arab investor would have been entitled to”.
It includes “railway, road and green space developments of the Rákosrendező area, in particular the Szegedi Út overpass and the tram line leading through it, as well as the extension of the millennium underground line,” they added.
Representatives of the state and the capital will hold consultations on a monthly basis on the coordination of the infrastructure development and the international tender,” the ministry said.
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