The National Infrastructure Development Zrt. (NIF), the Steindl Imre Program Nonprofit Zrt. (SIP), and the Investment, Technical Development, Sports Operations and Public Procurement Zrt. (BMSK) take over the National Transport Center Zrt (NKK). projects – VG learned. The official decision was made at the beginning of August, after the owner of the company, the Ministry of Construction and Investment, issued the shareholder resolution. The handover has begun,
and affects all active projects.
So, according to the current state of affairs, the fact that NKK ceases to exist does not endanger the developments at the company, including those related to the capital, since they will all be owned.
It is, of course, a different question which of the dozens of investments worth more than a thousand billion forints can be realized in the short term. As VG also wrote about, due to the economic crisis that occurred as a result of the Russian-Ukrainian war, the EBM is currently reviewing state investments, and those that have not yet started in the construction phase are being suspended.
The projects are for NIF, SIP or BMSK according to the professional profile.
The latter takes over NKK’s high-rise projects, while NIF can take over complex urban developments in addition to transport infrastructure developments.
It started well, but it didn’t end well
The distribution of individual development concepts is necessary because it was decided at the end of July that the NKK will cease to exist. The company originally belonged to the Ministry of Technology and Industry and was under the control of State Secretary for Transport Dávid Vitézy, and then somewhat unexpectedly it was classified under ÉBM. János Lázár’s portfolio formally appeared behind NKK at the end of July, and as a first step, the company’s complete manager was dismissed.
The company was established at the end of May as the legal successor of the Budapest Development Center Zrt., that is, its operation lasted barely two months.
According to the news, the ÉBM would complete the liquidation within a fixed deadline, in which case the process could easily drag on and not be completed before the end of the year. Until then, the NKK is headed by József Pántya, the road development director of the NIF.
The company starts as a state-owned company of special importance:
- as a transport organizer with national competence, his task was to coordinate public transport schedules,
- unification of tariff systems,
- ordering and coordinating the public services of the MÁV–Volán group, GYSEV and other service providers on behalf of the state,
- and the strategic planning of railway and HÉV developments.
The development of Budapest does not stop
In connection with the investment stop due to the Russian-Ukrainian war, there is a common fear that Budapest will be left in the wasteland. However, the revision discussed by the EBM does not apply to EU projects. The capital city and its agglomeration can benefit from these hundreds of billions of forints.
Only through the Recovery and Resilience Facility (RRF).
around HUF five hundred billion development funds may arrive in Budapest and its catchment area in the coming years.
This requires an agreement between the European Commission and the Hungarian government. According to Tibor Navracsics, who leads the related negotiations, there is a good chance for this: he puts the probability of an agreement in the second half of the year at 98.8 percent.