Budapest later, with the help of the Russian Empire. 1867 was the year of Reconciliation that brought about the birth of Austria-Hungary. This made Budapest the twin capital of a dual monarchy. It was this compromise which opened the second great phase of development in the history of Budapest, lasting until World War I. In 1849 the Chain Bridge linking Buda with Pest was opened as the first permanent bridge across the Danube and in 1873 Buda and Pest were officially merged with the third part, Óbuda (Old Buda), thus creating the new metropolis of Budapest. The dynamic Pest grew into
Budapest regional offices, including the United Nations and ICDT, furthermore it is the headquarters of the European Institute of Innovation and Technology, the European Police College and the first foreign office of the China Investment Promotion Agency. Over 40 colleges and universities are located in Budapest, including the Eötvös Loránd University, Semmelweis University and the notable Budapest University of Technology and Economics. Opened in 1896, the city's subway system, the Budapest Metro, serves 1.27 million, while the Budapest Tram Network serves 1.08 million passengers daily. Budapest is cited as one of the most beautiful cities in Europe, ranked as "the world's