Release date: 13 December 2013
Promoter – Financial Intermediary
MAVIR MAGYAR VILLAMOSENERGIA-IPARI ATVITELI RENDSZERIRANYITO ZRTMAGYAR FOLDGAZTAROLO ZRT
Location
Description
Reinforcement and extension of Hungary's electricity transmission network during 2013-2018 and reconstructure works on the underground gas storages.
Objectives
Economic and Social Cohesion (transversal)
Competitive and Secure Energy (incl. TEN-E)
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 203 million
Environmental aspects
Some of the project schemes fall under Annex I of the EIA Directive 2011/92/EU, requiring an EIA. Other project schemes fall under Annex II; therefore the Competent Authority has to decide whether an EIA is required. The status and available results of the environmental impact studies and the authorisation processes as well as the actual impacts, including potential negative impacts on sites of importance of nature or cultural heritage conservation, and the planned mitigating and/or compensating measures will be reviewed during appraisal.
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation 2004/17/EC and Dir. 2007/66/EC (amending Directives 1989/665/EEC and 1992/13/EEC), with publication of tender notices in the EU Official Journal, as and where required.
Status
Signed - 12/12/2014
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).