Hungary to build $1bn eco-friendly, carbon-neutral town from scratch

In order to go more green and renewable, Hungary is now planning to build a new green-powered, carbon-neutral town from the scratch.

Germany property investment firm FAKT recently invested $1.1 billion in order to make a fully carbon-neutral town from the scratch up in the northwest of Hungary. This will be a 1.27 square mile horticultural and infrastructural project, which could potentially create 5,000 permanent jobs.

According to report by Bloomberg, the entire town will be powered by solar and biogas power. The idea is to basically provide the groundwork for converting other regions within the area from using coal to clean energy.

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The report states that the town will also feature extensive greenhouse facilities in order to advance the country’s supply of fruits and vegetables, while also featuring 1,000 apartments, a kindergarten, elementary school and more education facilities. Moreover, the town will also contain basic amenities including restaurant, hotel, train station and shops.

“We’re hoping for it to become one of the landmarks for Europe,” Hungarian Agriculture Minister Istvan Nagy told German broadcaster Deutsche Welle. “This investment is the biggest and most complex agricultural and food industrial project of the last few decades and is unique in Central Europe.”