Roads IV - AFI Project
- Reference: 20020591
- Release date: 17 January 2003
The Ministry of Economy & Transport
- Hungary
Financing of the construction of certain urban by-passes as well as up-grading and rehabilitation works on determined national trunk roads.
The loan proceeds will contribute to improving local living standards and preventing a further deterioration of the existing road infrastructure. Finally, the project contributes to increased road security. Retained schemes will be implemented to achieve compliance with current EU levels so that the project assists Hungary in its EU accession efforts.
- Transport
In the order of EUR 180 million
Total cost (Approximate amount)In the order of EUR 240 million
Environmental aspectsThe Bank will require the promoter to ensure compliance of the individual investment schemes with relevant national and EU Directives.
The related works contracts will be awarded by open international tendering as per the standard requirements of the Bank.
Signed - 01/09/2003.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
Infrastructure