SANAA and Snøhetta have been jointly awarded first prize in a restricted competition to build a "New National Gallery - Ludwig Museum" in Budapest's 200-year-old Városliget (City Park). Lauded for their "equally outstanding" proposals, the winning teams will now meet with the jury to be judged "on professional and financial considerations."

Nieto Sobejano Arquitectos and the joint proposal of Balázs Mihály's Architect Studio and the Faculty of Architecture of Budapest University of Technology and Economics were awarded second prize.

The competition is part of a larger cultural project that aims to renew the city's Városliget by 2018 with five new museum buildings built inside the expanded park area.

A closer look at the winning schemes, after the break.