Here is how Budapest will be developed in the near future
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The city of Budapest is a landscape that is changing and evolving. The citizens of the capital will have great improvements to look forward to, but what effects will these have on the greater economy of the city? Read below to find out more.
Closure of Pest’s lower embankment
We reported back in April that the Lord Mayor of Budapest, Gergely Karácsony, announced his plans to permanently close the lower embankment of Pest. Karáncsony waited till the end of the elections to make his plans public. Here is how the situation moved forward. As Telex reported, the Budapest Chamber of Commerce and Industry (BKIK) is firmly against the plans to close the embankment. This sentiment is shared by the Hungarian Auto Club. Experts from BKIK say that the closure would make the city less travelable for cars. Furthermore, it is a necessity for most establishments located on the embankment to be accessible by car. For example, without access, essential goods could not be delivered to stores.
BKIK will host an online consultation with Budapest businesses to explore the issue further. Following that, the chamber will negotiate with the leaders of the capital.
Chain Bridge renovations continue
Back in April, Index published an article regarding the renovation of the Chain Bridge. According to the source, the work on the bridge is going according to plans. If all goes well, the bridge will open to the public sometime next year, in 2023. However, the bridge should be open for car transit by the end of 2022.