Signature(s)
Amount
€ 50,000,000
Countries
Sector(s)
Hungary
: € 50,000,000
Credit lines
: € 50,000,000
Signature date(s)
8/12/2003 : € 50,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
2 September 2003
Status
Reference
Signed | 08/12/2003
20030248
Project name
Promoter - financial intermediary
Hungarian Development Bank Global Loan
Hungarian Development Bank ltd
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
Minimum EUR 100 million
Location
Sector(s)
Description
Objectives
Financing of small- and medium-scale projects in the field of environmental protection, energy savings, infrastructure (incl. health and education), industry, services or tourism.
The global loan would contribute to the development of term finance in Hungary. Through the financial intermediary, the global loan would provide long-term funding for eligible projects promoted notably by SMEs or local municipalities.
Environmental aspects
Procurement
The financial intermediary will be requested to ensure compliance of the sub-projects with relevant national and EU Directives, as appropriate.
The financial intermediary will be requested to ensure compliance of the sub-projects with EU Directives, in particular for the award of public sector contracts, as appropriate.
Link to source
Summary sheet
Other links
Data sheet