Published: December 06 2023
A new development project in Budapest has been announced that will transform the city centre and boost the economy. The project will be carried out at the location of the Rákosrendező train station in the 14th district. The government plans to invest around 1 billion euros in infrastructure for the project.
Elevating Budapest to a Modern Global City
According to János Lázár, the project will elevate Budapest to the ranks of modern global cities. The initial assessment and depollution work for the project is estimated to cost around 20 billion forints (EUR 52.8m). The government expects the intergovernmental agreement to be signed in the second half of 2024, with completion of the project by the end of the decade.
Ensuring the Interests of Budapest Residents
Budapest Mayor Gergely Karácsony has emphasized the importance of putting the interests of Budapest residents first. While he agrees that the Rákosrendező area is valuable, he believes that developments should focus on serving the needs of the local community. This includes extending the underground, other railway developments, and housing construction.
Preserving Budapest's World Heritage Sites
Mayor Karácsony also expressed concerns about the project potentially spoiling the view of Budapest's world heritage sites like Heroes' Square or Andrassy Avenue. The city is committed to preserving its cultural and historical landmarks while undergoing development.
Social Dialogue between City Leadership and the Government
The city's leadership is currently engaged in a "social dialogue of historic importance" with the government regarding the planned project. This dialogue aims to ensure that the interests and concerns of Budapest residents are taken into account throughout the development process.
Questions & Answers
What is the new development project in Budapest? The new development project in Budapest is set to transform the city center and boost the economy. It will be carried out at the location of the Rákosrendező train station in the 14th district.
What is the goal of the development project in Budapest? The goal of the development project in Budapest is to elevate the city to the ranks of modern global cities and make it the strongest intellectual, economic, and political power center in the region.
How much will the initial assessment and depollution work of the project cost? The initial assessment and depollution work of the project is estimated to cost around 20 billion forints (EUR 52.8m).
When is the expected completion date of the project? The project could be completed by the end of the decade, but the intergovernmental agreement on the investment is expected to be signed in the second half of 2024.
What is the position of Budapest Mayor Gergely Karácsony on the development project? Budapest Mayor Gergely Karácsony has expressed that any development project in the capital should prioritize the interests of Budapest residents over the interests of investors. He emphasized the need for developments that serve the interests of Budapest residents, such as the extension of the underground, other railway developments, and housing construction.
What are the concerns raised by Mayor Karácsony regarding the project? Mayor Karácsony has stated that while the Rákosrendező area is valuable, any investment that would spoil the view of Budapest's world heritage sites, like Heroes' Square or Andrassy Avenue, would not be supported by the city.
What is the government's commitment in terms of infrastructure investments for the project? The government has committed to carrying out around 1 billion euros worth of infrastructure investments for the project.