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    Signature(s)

    Amount
    € 300,000,000
    Countries
    Sector(s)
    Hungary : € 300,000,000
    Education : € 300,000,000
    Signature date(s)
    19/10/2009 : € 150,000,000
    14/12/2007 : € 150,000,000
    Link to source

    Summary sheet

    Release date
    7 June 2007
    Status
    Reference
    Signed | 14/12/2007
    20060511
    Project name
    Promoter - financial intermediary
    Education Co-financing Facility

    Republic of Hungary, acting through the Ministry of Finance.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    In the order of EUR 300 million.
    Approximately EUR 4.397 billion.
    Location
    Sector(s)
    Description
    Objectives

    The project consist of the co-financing with the EU commission’s funds of projects in the fields of education, training and employment under the Operational Programmes included in The New Hungary Development Plan (2007-13).

    The projects and schemes to be co-financed by the Bank will be structured to meet the priorities set in the Infrastructure Renewal and Social Renewal Operational Programmes and shall contribute to assist Hungary in achieving further convergence in levels of social development with the rest of EU.

    Environmental aspects
    Procurement

    As new Member State Hungary has harmonised its environmental legislation in line with the relevant EU Directives. All investments that may benefit from EU support would need to fully comply with EU requirements. Given the nature of the projects to be financed environmental issues are expected to be minor.

    Tenders will be organised in compliance with EU requirements, a precondition for EU grant support. Tender notices will be published, as appropriate, in the EU Official Journal.

    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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