The city assembly voted to launch a green development in Budapest

Budapest’s City Assembly on Wednesday voted in support of a green and sustainable mixed-use real estate development in the Rakosrendezo area of the capital, with a view to addressing a “housing crisis” and expanding urban green spaces.

The declaration of support states that the brownfield investment “responds to the urban development challenges of the 21st century”.

The proposal by (Socialist) mayor of the Zugló district, Csaba Horváth, was backed unanimously in the absence of Fidesz-Christian Democrat representatives.

It also states that the development should be climate neutral.

At least 10,000 affordable homes must be built and the World Heritage status of the banks of the River Danube, the Buda Castle District and Andrassy Boulevard should not be put in jeopardy, it says, adding that buildings must be no taller than 90 meters.

Further, the government or the investor should provide the funds for the renovation and extension of Metro 1, the extention of Metro 4, and the construction of overpasses.

They must also finance the complete revitalisation of the Rakos stream, the creation of at least 30 hectares of green space, including the creation of a new public park, the declaration states.

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Source: MTI