Budget

2009. 12. 5.

The project is unique on a national level, as it received matching funds from the EU, the Hungarian Government and the local municipality. Finance comes from:

ContributorsSupport proportion (HUF)Support proportion (%)
Municipality of Óbuda-Békásmegyer (including EU funds)450 480 00040
Hungarian Government (Panel Plus Programme)371 646 00033
Owners’ own resources304 074 00027

 

The householders raised their own contribution to the costs through individual property savings contracts - a mortgage-free loan for which there is state support - and the municipality underwrote 6% of the interest.  Hence on average the funding contribution from each flat was 450 000, which was reduced to 350 000 by funding support, which, counted over an 8 year repayment period means a monthly payment of 3-4 000 forints. The savings made on the district heating are guaranteed to be bigger than this.