Some €600,000 of the city’s budget for 2019 will go towards the renaturation of the Petrusse
Luxembourg City’s council presented its budget for 2019 on Monday.
A large portion of the budget's expenditure will be invested in the housing market as well as mobility and school infrastructure.
Héloïse Bock, chair of the council’s finance committee, said Luxembourg’s housing market will see turbulent times due to increased immigration and a surge in companies installing themselves to avoid the consequences of Brexit. That’s why the budget foresees future real estate investments on the Route d’Arlon, in the new neighbourhood around the national stadium and in the eco-neighbourhood in Hollerich.
€600.000 will be reserved for the renaturation of the Petrusse and €5.2 million will be spent on public park in the Ban de Gasperich.
To enhance mobility in the city, the long-planned pedestrian and cycle bridge will connect Cents with Weimershof. This project will include lift access to the bridge from Neudorf. According to Delano’s sister publication Paperjam, other measures to tackle mobility issues include the introduction of 43 new hybrid buses and the refurbishment of various car parks, including the Knuedler and the P+R Kockelscheuer.
The City is to develop school infrastructure by modernising four nurseries, enlarging the school complex in Cessange and building a new school in Cents.
The budget, which foresees a deficit of €53.3 million, might seem ambitious, but Bock said that the Luxembourg City’s financial situation is very good and it can draw from ample reserves.