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Summary sheet

Release date
22 September 2011
Status
Reference
Under appraisal | 22/09/2011
20110367
Project name
Promoter - financial intermediary
Margit Bridge Rehabilitation

Municipality of Budapest

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 87 million
EUR 110 million
Location
Sector(s)
Description
Objectives

Rehabilitation of the Margit bridge and the connecting transport system in Budapest. The bridge is part of the national cultural heritage, an important connection between the two sides of the city center over the Danube also providing access through a wing-bridge to the Margit Island, a central recreation area.

The project will contribute to improving the service level for the public transport and the non-motorised individual traffic, including construction of cycle paths, while preserving the bridge’s functionality to serve individual car traffic.

Environmental aspects
Procurement

The project has not been classified under Annex I or Annex II of the EIA Directive by the local competent authority. Compliance with environmental legislation will be verified during appraisal, notably for environmental impact and nature conservation aspects.

The Promoter is a public company obliged to comply with the European and National Public Procurement legislation.

Comments

Under Framework Loan

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).

Documents

Environmental and Social Data Sheet (ESDS) - MARGIT BRIDGE REHABILITATION
Publication Date
22 Sep 2016
Document language
Main Topic
Lending
Document Number
69419090
Document Focus
Environmental Information
Project Number
20110367
Sector(s)
Regions
Countries
Publicly available
Download now
Other links

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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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