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    Signature(s)

    Amount
    € 190,000,000
    Countries
    Sector(s)
    Hungary : € 190,000,000
    Transport : € 190,000,000
    Signature date(s)
    1/09/2003 : € 190,000,000
    Link to source
    Data sheet

    Summary sheet

    Release date
    17 January 2003
    Status
    Reference
    Signed | 01/09/2003
    20020591
    Project name
    Promoter - financial intermediary
    Roads IV - AFI Project
    The Ministry of Economy & Transport
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    In the order of EUR 180 million
    In the order of EUR 240 million
    Location
    Sector(s)
    Description
    Objectives

    Financing of the construction of certain urban by-passes as well as up-grading and rehabilitation works on determined national trunk roads.

    The loan proceeds will contribute to improving local living standards and preventing a further deterioration of the existing road infrastructure. Finally, the project contributes to increased road security. 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 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.

    Comments

    Infrastructure

    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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    Other links
    Data sheet

    General enquiries and comments

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    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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