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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).

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