Release date: 16 October 2012
Promoter – Financial Intermediary
HUNGARIAN ACADEMY OF SCIENCESLocation
Description
The purpose of the project is to co-finance the basic research activities and academic operations of the Hungarian Academy of Sciences.
Objectives
The Bank would finance only intangible research works programmed by HAS for years 2012-2014. The Project will include a/o research and scientific expenditures of HAS Research Institutes and Academic Research Units of Hungarian Universities, located throughout the country, HAS Momentum Reform Programme as well as remuneration of HAS scientific personnel (Elected Members of the Academy, Doctors of Science). The Project may include also support for laboratory equipment.
The Hungarian Academy of Sciences (HAS) is the most important and prestigious learned society of Hungary.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 143 million (HUF 43000 million)
Total cost (Approximate amount)
EUR 321 million (HUF 96914 million)
Environmental aspects
Since no capital investment in new infrastructure is foreseen the project makes it unlikely that an EIA would be required in accordance with EIA Directive 2011/92/EU. However, the Bank’s services will verify during the appraisal whether an EIA might be required for any project component.
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 (Dir 2004/18/EEC/ or 2004/17/EEC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 6/12/2012
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).