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Signature(s)

Amount
€ 72,000,000
Countries
Sector(s)
Hungary : € 72,000,000
Transport : € 72,000,000
Signature date(s)
19/12/2012 : € 72,000,000
Link to source
Data sheet
Other links
Summary sheet

Summary sheet

Release date
4 June 2009
Status
Reference
Signed | 19/12/2012
20090185
Project name
Promoter - financial intermediary
M3 North-East (PPP)

Republic of Hungary, acting through the Ministry of Transport, Telecommunication and Energy.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to 50% of senior debt, however not higher than 50% of the Project costs.
To be determined.
Location
Sector(s)
Description
Objectives

Design, build, finance and operation (DBFO) of a new road from Nyíregyháza to Vásárosnamény (46km) on the M3 corridor, connecting Budapest with the Ukrainian border.

The project is part of the National Action Programme for Growth and Employment (2008-2010), the objective of which is, inter alia, to develop missing infrastructure with a particular focus on Pan-European transport corridors.

Environmental aspects
Procurement

According to EU directive 85/337/EEC the project falls into the Annex I category and therefore an EIA is mandatory. The project will be required to comply with the relevant national legislation and to be in line with EU environmental policy and acceptable to the EIB. In particular, compliance with Directive 97/11/EC and 2003/35/EC, amending 85/337/EEC, the Habitats Directive 92/43/EEC, the Birds Directive 74/409/EEC and SEA Directive 2001/142/EC will be verified during appraisal.

The contracting authority is a public promoter obliged to comply with the European Directives 2004/17/EC and 2004/18/EC of 31 March 2004 and National Public Procurement legislation. The tender of the project was published in the Official Journal of the European Union on 23 December 2008 under registration number TED 2008/S 249-331922 and the process is currently expected to be completed by October 2009.

Link to source
Summary sheet
Other links

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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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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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.

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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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