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        MAV ROLLING STOCK - LOCOMOTIVES

        Signature(s)

        Amount
        € 38,250,000
        Countries
        Sector(s)
        Hungary : € 38,250,000
        Transport : € 38,250,000
        Signature date(s)
        3/12/2009 : € 38,250,000

        Summary sheet

        Release date
        13 May 2008
        Status
        Reference
        Signed | 03/12/2009
        20070380
        Project name
        Promoter - financial intermediary
        MAV Rolling Stock - Locomotives

        MAV Magyar Allamvasutak ZRT (MAV)

        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        In the order of EUR 75 million.
        In the order of EUR 150 million (preliminary estimation).
        Location
        Sector(s)
        Description
        Objectives

        The Project comprises the acquisition of up to 50 dual-voltage locomotives for use on domestic and international passenger and freight services replacing older locomotive types.

        The investment aims at increasing the capacity and quality of national and international passenger and freight services provided by the Hungarian Railways

        Environmental aspects
        Procurement

        The purchase of railway rolling stock does not fall under EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC, thus an Environmental Impact Assessment is not required. New rolling stock will conform to modern environmental standards. These include reduced noise and pollution, increased energy efficiency and restrictions on the use of some materials. Overall, the project will have a positive environmental impact.

        The Bank will require the Promoter to ensure, where applicable, that the investments to be financed under the present operation will comply with EU procurement Directives.

        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).

        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.

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        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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