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RAILWAYS III (ISPA)

Signature(s)

Amount
€ 40,000,000
Countries
Sector(s)
Hungary : € 40,000,000
Transport : € 40,000,000
Signature date(s)
16/12/2002 : € 40,000,000
Link to source
Data sheet
RAILWAYS III (ISPA)
Other links
Summary sheet
Railways III (ISPA) Project
Related press
EUR 395 million for transport and environmental projects in Hungary

Summary sheet

Release date
10 April 2002
Status
Reference
Signed | 16/12/2002
20020164
Project name
Promoter - financial intermediary
Railways III (ISPA) Project
The Hungarian State Railway Company Ltd. - MÁV
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 million
EUR 114 million
Location
Sector(s)
Description
Objectives

Financing of the investment cost of rail rehabilitation works of a portion of the line Budapest-Cegled-Szolnok-Lököshaza (Phase II) forming part of the Pan European TEN Corridor IV, eligible for EU grant financing (ISPA)

The loan proceeds will contribute to the rehabilitation and modernization works of the Budapest-Cegled-Szolnok-Lököshaza railways line and allow for a more efficient and safe rail transportation. The project will be implemented to achieve compliance with current EU levels so that the project assists Hungary in its EU accession efforts.

Environmental aspects
Procurement

The Bank in close co-operation with ISPA will require the promoter to ensure compliance of the individual investment schemes with relevant national and EU Directives.

The related works contracts will be awarded by open international tendering as per the standard requirements of the Bank and ISPA.

Link to source
Summary sheet
Railways III (ISPA) Project
Other links
Data sheet
RAILWAYS III (ISPA)
Related press
EUR 395 million for transport and environmental projects in Hungary

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).

News & Stories

Link to source
Related press
EUR 395 million for transport and environmental projects in Hungary
Other links
Data sheet
RAILWAYS III (ISPA)
Summary sheet
Railways III (ISPA) Project

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.

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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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