Budapest will replace Guadalajara, Mexico, as the host of the 2017 FINA World Aquatics Championships, governing body FINA said on Wednesday.
Guadalajara pulled out last month citing financial problems.
Budapest was originally designated to host the 2021 edition, which includes swimming, water polo, diving and synchronized swimming.
Hungarian Prime Minister Viktor Orban said the central European country would spend billions of forints to renovate areas by the Danube River designated to host the events and pass a series of laws to speed up organizing work.