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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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Summary sheet

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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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