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RAILWAYS V - COHESION FUND

Signature(s)

Amount
€ 27,000,000
Countries
Sector(s)
Hungary : € 27,000,000
Transport : € 27,000,000
Signature date(s)
12/05/2005 : € 27,000,000
Link to source
Data sheet
RAILWAYS V - COHESION FUND
Other links
Summary sheet
Railways V Cohesion Fund Project
Related press
Hungary: EUR 157 million for transport infrastructure and projects of SMEs and municipalities

Summary sheet

Release date
13 December 2004
Status
Reference
Signed | 12/05/2005
20040044
Project name
Promoter - financial intermediary
Railways V Cohesion Fund Project
Ministry of Economy & Transport
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
In the order of EUR 40 million
Approximately EUR 165 million
Location
Sector(s)
Description
Objectives

The project concerns selected railway rehabilitation investments on railway line Budapest-Szolnok-Lökösháza forming part of TEN corridors IV. The proposed project would be supported as well by a significant Cohesion Fund contribution.

The Project will contribute to the improvement of existing railway infrastructure on major railway lines in order to decrease journey times and improve safety as well as enhance service quality.

Environmental aspects
Procurement

The project has been designed in full compliance with national and relevant EU environmental directives.

Hungarian public procurement act to be applied (EU directives transposed into national law).

Link to source
Summary sheet
Railways V Cohesion Fund Project
Other links
Data sheet
RAILWAYS V - COHESION FUND
Related press
Hungary: EUR 157 million for transport infrastructure and projects of SMEs and municipalities

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
Hungary: EUR 157 million for transport infrastructure and projects of SMEs and municipalities
Other links
Data sheet
RAILWAYS V - COHESION FUND
Summary sheet
Railways V Cohesion Fund 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.

Media enquiries

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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