Lynetteholmen budget deemed “unrealistic” by city mayor

According to the mayor of Copenhagen, Sophie Hæstorp Andersen, Lynetteholmen may need more financial support which could affect taxpayers.

The budget to build Lynetteholmen, a manmade island in Copenhagen Harbour near Nordhavn that will house a new city district, is unrealistic according to Sophie Hæstorp Andersen, the mayor of Copenhagen, who warns it will be a lot more expensive than expected.

Her remarks suggest part of the bill will be passed onto tax-payers.

Empty assurances?
When the plans were first announced in 2018 by the then prime minister, Lars Løkke Rasmussen, the government assured tax-payers they would not help to fund it.

However, Andersen now questions whether this will be the case, as the project will need far more support than is currently earmarked.

Seemed like a win-win solution
Back in 2018, Danish politicians jumped onboard with the project, viewing it as a great plan to create a living space for 35,000 Copenhageners.

Furthermore, revenue derived from selling the space would help with the development of a Metro line and a ring road to help reduce traffic, they were told.

Cause for concern
A lot has changed since then. In early February, the transport minister, Ole Birk Olesen, shared his concerns about how much revenue the sale of the building site would bring in, and whether it could finance the ring road.

An increasing number of politicians believe that more public funding will be need to spent to realise the plans.