At a joint news conference, Orbán said he would co-head a new Budapest development council alongside Tarlós. The mayor said he had accepted the nomination to run for re-election in 2019 after "a serious internal struggle" and with "significant conditions", including his insistence on holding a direct mayoral election and the establishment of the Budapest municipal development council. Several of the new investment projects in the capital will run until 2030, he said.

Tarlós and Orbán also came to an agreement on central financing in the tens of billions of forints for the renovation of Metro 3.

Orbán listed completed investments worth 280 billion forints, such as the refurbishment of the City Park ice rink and the National Horse Stables, the renovation of Buda Vigadó, the upgrade of the Dagály baths and the revamp of the Music Academy among others. Projects under way amounting to 600 billion forints include the Buda Castle, restoration of the Fiumei Road and Jewish Salgotarjani Street cemeteries, renovation of the Opera House and construction of a new athletic stadium.

"These projects don't include transport developments, in which case we're talking over 700 billion forints," he added. Orbán also noted that the government has assumed more than 217 billion forints in municipal debt. "We all have an interest in Budapest regaining its old glow, and the government is convinced that Hungary can be a serious country only if its capital undertakes serious things. A strong, confident and popular mayor is essential to achieving these goals." He added that the views of the government and the Fidesz district mayors coincided.

The opposition Socialists said in reaction that Orbán and Tarlós had failed to announce anything meaningful about Budapest. Orbán has already taken away a lot from Budapest residents and now he is not even promising anything, Csaba Horváth, the Socialist representative in the metropolitan council general assembly, said.

The opposition Democratic Coalition said Tarlós had given up all of Budapest's powers when he agreed to run for mayor. "István Tarlós gave away half his kingdom to Viktor Orbán," Erzsébet Gy Németh, the party's Budapest representative, said.

József Gal, the Budapest representative of opposition LMP, said the setting up of a municipal development council was a dated idea from the 20th century and regular social consultations and referendums should be held instead. More cycle paths and pedestrian areas are needed instead of motorways, and more green areas instead of the cutting down of trees, he added.

Opposition Párbeszéd co-leader and mayor of Budapest's District XIV Gergely Karácsony said Budapest had lost much of its independence over the past eight years and in the future no development will be possible without government support. Under the latest deal, ruling Fidesz has "practically nationalised" all Budapest developments, he added.

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