974 million euros budgeted for new MHH building

The MHH building moves a big step closer to the future. Copyright: DBHN Budget and Finance Committee of the Lower Saxony State Parliament made a milestone decision. At its meeting today, the Budget and Finance Committee of the Lower Saxony State Parliament made a milestone decision for the new MHH building: The first construction phase with total construction costs of 974 million euros including risk buffer will be included in the measure financing plan of the "special fund for catch-up investments at universities under state responsibility" in the amount of 2.1 billion euros. Half of this special fund (1.05 billion euros) is earmarked for the new MHH building, the other half for the new UMG building. A prerequisite for financing the investment measures is their inclusion in the measures financing plan. Today's resolution by the Budget Committee was necessary for this. The Budget Committee has thus created the essential basis for driving the new building project forward quickly and accelerating processes.