The Cohesion Fund is investing €218.5 million in two projects in Hungary. €203.5 million will finance the construction of a section of the M8 expressway in the country, which will contribute to better connecting Hungary and Graz, in Austria. €15 million will help improve the wastewater collection systems in Budapest and the city of Budaörs. The M8 expressway project will better link the Hungarian Vas region with the Austrian state of Burgenland. It will contribute to completing the core Trans-European Transport Network. The road should be completed in 2021.
Then, some 33,000 people will benefit from an improved wastewater system in Budapest and Budaörs, with 1,410 homes newly connected to the network, This project, in which the EU already invested €61 million in the previous EU budget period, should be operational in June 2020. For the period 2014-2020, the EU is investing €25 billion worth of European Structural and Investment Funds in the country, i.e. an average of €2,532 per Hungarian over the 7-year period.