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    Signature(s)

    Amount
    € 170,000,000
    Countries
    Sector(s)
    Hungary : € 170,000,000
    Transport : € 170,000,000
    Signature date(s)
    1/09/2003 : € 170,000,000
    Link to source
    Data sheet

    Summary sheet

    Release date
    17 January 2003
    Status
    Reference
    Signed | 01/09/2003
    20020593
    Project name
    Promoter - financial intermediary
    Railway Sector Rehabilitation Project - AFI
    Ministry of Economy & Transport and the Hungarian State Railways company Ltd (MAV)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    In the order of EUR 150 million
    In the order of EUR 200 million
    Location
    Sector(s)
    Description
    Objectives

    Financing of railway infrastructure related investment schemes mainly for track and station rehabilitation.

    The loan proceeds will contribute to the rehabilitation and modernisation of selected railway infrastructures allowing for increased service quality and safety. All 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 relevant local authorities 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).

    News & Stories

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