The United Arab Emirates have reached an agreement with Hungary, which will allow them to invest the sum of 5,000 million euros for the creation of a new and dazzling neighborhood in the capital of the country, Budapest.
The project, nicknamed “Mini-Dubai”, but whose official name is “Great Budapest”, “will give a new life” to what are now 100 hectares of abandoned land near the Rákosrendező train station, in the northeastern of the city, as reported by the English newspaper .
According to the proposals of the Eagle Hills real estate promoters, if the project continues, the neighborhood will have a new infrastructure that includes a railway, an enlarged meter line, a cycle path and a pedestrian zone.
In addition, there will be between 35 and 40 hectares of parks and “vibrant public spaces”, community schools and facilities. The area will be a “new modern district” that will surely stand out in front of Budapest fairyty castles and buildings, according to the same medium.
The promoter’s proposal also includes buildings up to 500 meter high in some parts of the area. If carried out, they would be higher than the skyscraper of the Lakhta center in St. Petersburg, Russia, the highest in Europe with 462 meters.
However, according to current legislation, buildings cannot exceed 90 meters high in Budapest and some government departments have opposed these plans. “We do not support the construction of buildings 500 meters high or skyscraper,” said the Hungarian Ministry of Construction and Transportation.
Dávid Vitézy, a member of the General Assembly of Budapest (the local government body of the capital), declared that “the architectural, cultural, tourist and world heritage values of Budapest would be threatened by a 500 -meter high building in the Edge of the city center “.
Meanwhile, the mayor of Budapest, Gergely Karacsary, also opposes the project and has presented a motion so that the city invokes its right of preference to acquire the land. In Hungary, the “right of preference” allows a person or entity, which includes a government agency, buying a property or land area before any other person if put on sale, according to the English newspaper.
