(Reuters) The country's bid for Euro 2004 was hampered by a poor infrastructure, but the government has pledged about $1.5 billion (EUR1.7bn) for ground improvements and projects such as upgrading the airport and Budapest metro, building roads and hotels.
"We have learned from the mistakes we made when we bid for Euro 2004," said FA president Imre Bozoky.
"All Hungarians believe we can host such big events, if we get the chance."
Bozoky said the government, which also wants to host the 2005 world athletics championships and the 2012 Summer Olympics, were "100 percent" behind the bid.
The FA announced the eight venues to be used if it wins the race to host soccer's biggest tournament after the World Cup.
Games would be held in four 30,000-seater grounds at Miskolc, Szeged, Kaposvar and Gyor and two 40,000-seaters at Debrecen and Szekesfehervar.
Matches would also be played at two stadia in Budapest - the 50,000-seater Nep Stadium and a brand new 40,000-capacity ground that will only be built if Hungary's bid is successful.
Hungary and Russia are likely to be the only solo bidders, facing competition from joint bids by Bosnia and Croatia, Greece and Turkey, Austria and Switzerland, Scotland and Ireland and a four-nation Scandinavian bid from Denmark, Sweden, Finland and Norway.
Bids must be formally declared by the end of May and a final decision will be taken by the executive committee of UEFA, European soccer's governing body on December 12-13.
A UEFA delegation is scheduled to visit Hungary in September to look at facilities and review the bid.
