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    Signature(s)

    Amount
    € 85,000,000
    Countries
    Sector(s)
    Hungary : € 85,000,000
    Transport : € 85,000,000
    Signature date(s)
    19/06/2006 : € 85,000,000
    Link to source

    Summary sheet

    Release date
    15 July 2005
    Status
    Reference
    Signed | 19/06/2006
    20050160
    Project name
    Promoter - financial intermediary
    Budapest – Metro Line 2 – M2 Rolling Stock
    • Municipality of Budapest - Project Implementation Unit
      Office of the Mayor, 1052- Budapest, Városház utca 9-11. Hungary
      Mr. Dénes SIKLÓSI, Head of Project Implementation Unit
      Tel.: +36 (1) 327 1066
    • Budapest Transport Limited (BKV Rt.)
      H-1980 Budapest, POB 11. Hungary
      Mr. Zoltán DONÁTH, Deputy General Director
      Tel.: +36 (1) 461 6653
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Approximately up to EUR 85 million.
    Approximately up to EUR 174 million.
    Location
    Sector(s)
    Description
    Objectives

    The project comprises BKV’s purchase of 22 new metro trains to operate on the existing metro line 2 (M2) and the upgrading of an existing depot. The new rolling stock will replace obsolete Russian type rolling stock, which is up to 35 years old.

    The Budapest Public Transport Company (BKV) decided to buy new rolling stock to match the asset life of the currently rehabilitated infrastructure for M2, which will have an economic life of around 35 years after completion. The new vehicles will have a higher passenger comfort and energy efficiency.

    Environmental aspects
    Procurement

    The construction of the new train sets will take place in the manufacturer's plants and is not covered by Annex I or II of EU Directive 97/11/EC. BKV has the intention of obtaining the ISO 9002 certification for operation of its metro lines and supports a sustainable environmental protection policy. BKV is also committed to continue improvements in environmental management and to achieve accreditation to the ISO 14001 standard in the near future. Overall the project will have a positive effect on the environment.

    BKV is an organisation that is subject to EU public procurement directives. As required by these Directives, the tender notice for pre-qualification was published in the EU Official Journal (OJEU) on 06/06/2005.

    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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