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        ACADEMIC R & D (HIGH EDUCATION II)

        Signature(s)

        Amount
        € 168,000,000
        Countries
        Sector(s)
        Hungary : € 168,000,000
        Services : € 168,000,000
        Signature date(s)
        15/02/2010 : € 168,000,000

        Summary sheet

        Release date
        12 May 2009
        Status
        Reference
        Signed | 15/02/2010
        20070331
        Project name
        Promoter - financial intermediary
        Academic R&D (Higher Education II)

        The Ministry of Finance of the Republic of Hungary, through the Ministry of Education and Culture.

        Budapest University of Techonology and Economics and regional universities including University of Miskolc, University of Pécs, University of Szeged and the University of West-Hungary.

        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        In the order of EUR 200 million. (to be verified during appraisal).
        In the order of EUR 400 million. (to be verified during appraisal).
        Location
        Sector(s)
        Description
        Objectives

        Rehabilitation and modernisation of the research facilities and scientific equipment and investment in knowledge production and academic R&D performed by university staff during the period 2009-2011.

        The project will contribute to enhance the quality and efficiency of scientific work and expand research activities in Hungary.

        Environmental aspects
        Procurement

        The Republic of Hungary is subject to applicable EU Law and has adopted environmental legislation in line with standards mandated by the relevant EU Directives. The R&D activities will be carried out within the existing university facilities and are not expected to materially change current R&D practices at the universities. The research activities themselves may lead to the production of goods and services with improved environmental characteristics.

        Hungarian public procurement law complies fully with Directive EC/2004/18 and its predecessors, Directives 92/50/EEC, 93/36/EEC and 93/37/EEC. Hence the promoters are expected to ensure that any required tenders be organised in compliance with these procurement directives.

        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).

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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