Hungary to Build $1 Billion Green-Powered Town From Scratch
- Municipality on the Danube will have horticulture economy
- EON, Hungary’s KESZ, Germany’s FAKT are project partners
Buildings stands on the banks of the River Danube in Budapest, Hungary.
Photographer: Balint Porneczi/Bloomberg
This article is for subscribers only.
Hungary is planning to create a green-powered town with jobs and housing for thousands on a barren strip of Danube flood plain.
The 1 billion-euro ($1.1 billion) Hegyeshalom-Bezenye project in northwest Hungary will be the size of about 500 soccer pitches and have full amenities such as schools and shopping facilities, said co-developers EON SE and German property company FAKT AG on Tuesday. Vegetables will be grown under glass where scrubland is today.