The projected cost of the event is estimated to be HUF2 billion (£5 million/$7.5 million/€6.4 million) and the Government will fund it out of the State Budget between 2015 and 2017 after the Hungarian Judo Federation (HJF) held talks with the country's Sports Minister István Simicskó.

The bid also has the support of Hungary's Prime Minister

China, Mongolia and Qatar are also bidding for the event but László Tóth, chairman of the HJF, claimed he expected Budapest to be awarded the Championships, especially after they were encouraged to bid by Marius Vizer, President of the International Judo Federation, who are based in the Hungarian capital. 

That followed a widely heralded for a successful Grand Prix in Budapest last year, which came on the back of the 2013 European Championships, which was also praised. 

IJF President Marius Vizer (right) opened the door for Budapest to host the 2017 World Judo Championships after they successful hosted a Grand Prix last year  ©Getty Images