Published: December 05 2023
Budapest is set to create a modern millennium city center in the area of the Rákosrendező railway station. The development aims to elevate Budapest to the ranks of modern world cities and bring in foreign investors and real estate developers.
Plans for the Millennium City Center
The development will cover an area of about 130 hectares and is currently owned by the state. The government has committed to investing around EUR 1 billion in public transport infrastructure, including the extension of the M1 metro and the development of public transport hubs. The area will be divided into two parts, with around 900,000 square meters available for community and private use.
Focus on Green Space
The government insists on the creation of quality green space and expects the development to prioritize sustainable and environmentally friendly construction practices. This means the development will feature much greener construction than previous real estate projects.
Infrastructure Improvements
As part of the development, a new station will be built and the M1 metro line will be extended. The government is currently in negotiations with top real estate developers from around the world who have extensive experience in creating successful urban developments.
Conclusion
The creation of a modern millennium city center at Rákosrendező railway station is an ambitious project that aims to transform Budapest into one of the world's leading cities. With significant investments in infrastructure and a focus on green space, this development has the potential to bring new life and vitality to the city.
Questions & Answers
What is the plan for the Rákosrendező area in Budapest? A new "millennium city center" is planned to be created in the area of the Rákosrendező railway station in Budapest. The goal is to elevate Budapest to the ranks of modern world cities.
Who is involved in the development of the Rákosrendező area in Budapest? Negotiations are underway with the world's most important real estate developers, including foreign investors. The state, which currently owns the site, plans to invest around EUR 1 billion in public transport infrastructure, while private investors are expected to develop the site for around EUR 5 billion.
What is the size of the Rákosrendező area in Budapest? The Rákosrendező area in Budapest covers about 130 hectares, which is equivalent to 1.3 million square meters.
What will be developed in the Rákosrendező area in Budapest? The development concept for the Rákosrendező area in Budapest includes the division of the area into two parts, with approximately 900,000 square meters available for community and private use.
What are the plans for public transport in the Rákosrendező area in Budapest? As part of the development, a new station will be built and the M1 metro line will be extended. The government is committed to investing in public transport infrastructure, including the development of four to five public transport hubs.
What is the condition of the Rákosrendező area in Budapest currently? At the moment, the Rákosrendező area in Budapest is an illegal landfill. The government is proposing a joint development of the site with private investors.
What is the emphasis on green space in the development of the Rákosrendező area in Budapest? The government is insisting on the creation of quality green space in the development of the Rákosrendező area in Budapest. The goal is to have much greener construction compared to previous real estate development projects.
