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    Signature(s)

    Amount
    € 320,000,000
    Countries
    Sector(s)
    Hungary : € 320,000,000
    Transport : € 320,000,000
    Signature date(s)
    30/11/2006 : € 320,000,000
    Link to source

    Summary sheet

    Release date
    28 February 2006
    Status
    Reference
    Signed | 30/11/2006
    20050327
    Project name
    Promoter - financial intermediary
    M3 Motorway PPP

    Állami Autópálya Kezelõ Rt.

    (State Motorway Management Co. Ltd.)

    1036 Budapest, Lajos u. 74-76. (Mail: 1538 Budapest, Pf. 454.)

    Hungary

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 320 million.
    Estimated at EUR 640 million.
    Location
    Sector(s)
    Description
    Objectives

    The Project comprises the construction of 73 km of new motorway to connect the M3 motorway (TEN corridor V) to Debrecen (36 km) and the bypasses around Debrecen (13 km) and Nyíregyháza (24 km), also on the M3 corridor.

    The Project is part of the Hungarian national motorway development programme (Law CXXVIII of 2003 and decree 2044/2003), which envisages extending the Hungarian motorway network by 420 km by 2006. The main aim of this programme is to improve the accessibility to the less developed regions and hence to contribute to a more balanced regional development of the country.

    Environmental aspects
    Procurement

    Environmental Impact Assessments have been carried out for all sections of the Project.

    The Project to be financed by the Bank has been opened to international competition under the principles of transparency, economy and non-discrimination in accordance with the Bank’s procurement criteria.

    Link to source
    Summary sheet

    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
    Summary 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.
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    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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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