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    Signature(s)

    Amount
    € 271,800,000
    Countries
    Sector(s)
    Hungary : € 271,800,000
    Education : € 35,000,000
    Health : € 36,800,000
    Transport : € 200,000,000
    Signature date(s)
    30/04/2004 : € 35,000,000
    31/03/2006 : € 36,800,000
    16/12/2002 : € 75,000,000
    16/12/2002 : € 125,000,000
    Link to source

    Summary sheet

    Release date
    21 October 2002
    Status
    Reference
    Signed | 16/12/2002
    20000440
    Project name
    Promoter - financial intermediary
    Budapest – Infrastructure & Services – AFI

    Municipality of Budapest
    Office of the Mayor
    Attn. Mr. Attila PÓCS
    Counsellor, Head of Project Implementation Unit
    Városház u. 9 - 11
    H-1364 Budapest
    POB. 1
    Tel. +361 327 1066

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 370 million
    EUR 574 million
    Description
    Objectives

    A series of investment schemes (transport, health, education, urban regeneration) to improve the infrastructure and services of the Municipality of Budapest.

    All these investment schemes identified under the present operation aim at continuously improving the quality of life in the Budapest area but also the environment (pollution and noise) and hence respond to urgent needs, which is in line with the priorities agreed in the context of the Accession Partnership Agreement between the European Union and Hungary.

    Environmental aspects
    Procurement

    Within the framework of the loan, the Borrower will be requested to ensure compliance of the sub-projects with EU directives, as appropriate. As regards specifically the transport sector sub-projects, the project does not fall within Annex I or II of EU Directive 97/11/EC and an EIA is therefore not required. The promoter will comply with national environmental legislation, which requires approval from the local Environmental Protection Authority before procurement can commence.

    The sub-projects will be procured in line with EU Procurement Directives for large public works contracts if applicable.

    Comments

    Health, education, urban regeneration.

    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).

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