Release date: 2 October 2013
Promoter – Financial Intermediary
Private CompanyLocation
Description
Upgrading and development of the Promoter's fixed and mobile networks in Hungary during the 2014-2016 period and other related capex.
Objectives
Knowledge Economy 100 %
Economic and Social Cohesion (transversal) 100 %
Telecommunications 100 %
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 75 million
Total cost (Approximate amount)
EUR 150 million
Environmental aspects
In principle the project will not require Environmental Impact Assessment as telecommunication projects are not specifically mentioned in the annexes of the Directive 2011/92/EU. It will however be assessed whether authorities require EIAs and the authorisations necessary for possible installations in Natura 2000 areas. The main expected impact is from the mobile network component with potential health risks of electromagnetic radiation to be mitigated by industry best practice and the respect of EU legislation.
Procurement
The promoter is a private company not having a status of a contracting authority. Thus, it is not covered by the EU directives on procurement.
Status
Signed - 13/12/2013
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).