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    Signature(s)

    Amount
    € 75,000,000
    Countries
    Sector(s)
    Hungary : € 75,000,000
    Transport : € 75,000,000
    Signature date(s)
    16/12/2002 : € 75,000,000
    Link to source
    Data sheet

    Summary sheet

    Release date
    10 April 2002
    Status
    Reference
    Signed | 16/12/2002
    20020166
    Project name
    Promoter - financial intermediary
    Roads III (ISPA) Project
    Ministry of Transport & Water Management and the Road Management and Coordinating Directorate /UKIG
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    In the order of EUR 60 million
    In the order of EUR 150 million
    Location
    Sector(s)
    Description
    Objectives

    Financing of investment schemes in the roads sector with the aim to achieve 11.5ton load bearing capacity; the retained investment schemes are also eligible for EU grant financing (ISPA)

    The loan proceeds will contribute to the rehabilitation and modernization of individual investment schemes and lead to a reduction of vehicle operating and maintenance costs. Retained schemes 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 promoters 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

    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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