Hungary pumps in $250mn for 22 stadium projects this year

While Hungary opened three new stadiums in 2014, this year stadium construction in the country received a big boost with 22 major projects lined up for commencement of progress. The government has announced its plans to spend 67.144 billion forints ($250 million) for the projects.

The Hungarian government’s plan goes along with its promises from a couple of years back. It is also in sync with the national program of sports infrastructure upgrade. The scheme aims at significantly improving or completely rebuilding all stadiums of top two leagues in the country.

2014 brought the first results of this project as three new stadiums were opened in Budapest, Debrecen and Felcsut. The first two were built with in nearly record time at a very efficient cost, while the third is Hungary’s new national stadium for youth teams.

This year the governmental program will include 22 stadiums across the country. Annual budget for the projects is set at 67.144 billion forints for 2015.

The current wave of stadium reconstructions started under the second prime ministership of Orbán Viktor, reports Daily News Hungary. What really boosted the process was the possibility to support public benefit organisations (such as theaters or sort clubs) with the corporate income tax, according to the daily.

The table below shows how the money is to be distributed among participating cities of league one (NB I) and two (NB II).