The Hungarian capital is a partner and ally to the central government in ensuring that the EU funds finally arriving in Hungary are used wisely and for the future, Budapest Mayor Gergely Karácsony said in a social media post reviewed by MTI.
"The return of EU funds is a big deal and a real cause for joy, and fulfilling the rule-of-law conditions attached to them is in Hungary's interest," the mayor wrote after Prime Minister Péter Magyar announced that Hungary agreed with the European Commission president on the disbursement of a significant part of the EU funds due to Hungary.
The mayor insisted that the Hungarian capital was capable and suitable for receiving significant EU funds for development purposes. Budapest's plans, he added, focused on how to strengthen the capital's resilience against the housing and climate crises, and how to preserve the city's liveability for future generations. Plans for tapping the most urgent Recovery Fund resources fall into four main groups: housing programs, transport development, public space renewal programs and green investments, he said.
Karacsony said a Budapest renovation program for density housing would help to reduce housing costs, reduce emissions and provide work for Hungarian businesses. Also, a project is under way to convert non-residential properties into housing, he added. This also includes support for the planned housing construction at the brownfield Rákosrendező site, he added.
The transport package includes connecting Buda and Pest tram networks, as well as purchasing new trams, trolleybuses and electric buses, he said. Fully 60 new CAF trams, 160 trolleybuses and 250 electric buses could arrive in the city from these funds, he added.
The mayor also mentioned a project to renovate the HEV suburban railway and the development of agglomeration rail transport. He also noted public space renewal, with EU funds to be used to expand the Healthy Streets program, already launched with resources acquired by the municipality, and the planned revamp of Ring Road and the Embankments.
At the same time, their green development projects that can be financed from EU money include a series of large-scale green area development projects, including the City Park and Városmajor Park, among others, he added.
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