Budapest to get EUR 780 million EU funding for city development
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Budapest is set to receive HUF 300 billion (EUR 778.8 million) in European Union development funding over the coming years, the Mayor’s Office said on Thursday.
The city will get HUF 178 billion (EUR 462 million) for transport developments, HUF 50 billion (EUR 130 million) for public space developments, HUF 34 billion (EUR 88.2 million) for equality developments and HUF 38 billion (EUR 98.6 million) for flood protection and water management, the office said in a statement.
Some of the developments to be funded from the monies are already under way, they added.
The funds will be allocated towards the Home in Budapest Strategy aimed at turning the capital into “a green, open city of opportunities”, the office said.
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