COHESION FUND FRAMEWORK LOAN II (HU)

The loan will provide financing for the Operational Programmes (OP) Transport and Energy & Environment within Hungary’s National Strategic Reference Framework for the EU programming period 2007-2013, complementing EU grants and national resources.

The proposed operation will complement EU grants support. It will contribute to the implementation of eligible investments in the fields of transport, environment and energy, which are expected to foster Hungarian economic and social development, compliance with EU environment directives and further integration within the EU.

The project, being a multi-sector multi-scheme operation classified as Framework Loan/Structural Programme Loan, will have a number of effects on the environment, including reduction of pollution, reduced use of energy, increase of safety, improved water and wastewater services. The EIB will require from the promoter to act according to the provisions of the relevant EU directives, including SEA, EIA, Habitats, Birds Directives, as transposed in the national law.

The promoter as a public administration entity is required to follow the EU public procurement rules (2004/18/EC), including the publication of contract notices in the EU Official Journal as implemented by national law, if and where appropriate. Projects with values below the EU thresholds will be procured according to the provisions laid down in the national legislation and in line with the general rules and principles of the Treaty on the Functioning of the European Union