Budapest Urban Regeneration with European Union Support

Abstract

The Budapest Urban Regeneration Project was started with the support of the European Union. In addition, in the early stages of this project, a project focused on improving basic urban infrastructure was promoted. As a result, in Budapest, it was possible to develop an urban area where visible results could be seen in a short period of time. However, this project alone was not enough to solve economic, social, physical, and environmental problems throughout Budapest. Accordingly, Budapest changed the direction of the urban regeneration project in a way that established medium and long-term urban development goals. With the introduction of mid- to long-term urban regeneration programs, Budapest has become possible to develop throughout the city, not only focused on urban centers. As a medium-term urban regeneration program, the "Budapest 2020" project was implemented, and the "Budapest 2030" project, a long-term urban regeneration program, is currently in effect. In this paper, we would like to examine the overall contents of the Budapest Urban Regeneration Project, which consists of programs that can improve the quality of life of Budapest citizens and preserve the unique environment and cultural resources of Budapest. In particular, by focusing on the core contents of the mid-term urban regeneration program "Budapest 2020" and the long-term urban regeneration program "Budapest 2030", Budapest aims for long-term sustainable urban development rather than short-term rapid urban development. This will provide useful examples for urban regeneration projects to be promoted in Korea in the future.