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    Signature(s)

    Amount
    € 63,000,000
    Countries
    Sector(s)
    Hungary : € 63,000,000
    Solid waste : € 6,142,500
    Urban development : € 15,435,000
    Industry : € 18,900,000
    Water, sewerage : € 22,522,500
    Signature date(s)
    14/06/2012 : € 6,142,500
    14/06/2012 : € 15,435,000
    14/06/2012 : € 18,900,000
    14/06/2012 : € 22,522,500
    Link to source

    Summary sheet

    Release date
    23 November 2011
    Status
    Reference
    Signed | 14/06/2012
    20110369
    Project name
    Promoter - financial intermediary
    Floods & Red Sludge Disaster Recovery

    Republic of Hungary represented by the Ministry for National Economy

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 63 million
    EUR 290 million
    Description
    Objectives

    The project comprises emergency, reconstruction and preventive measures in response to the red mud and flood catastrophes in Hungary in 2010.

    The measures are partly socially driven, to cater for the needs of affected population, and partly environmentally driven to reduce and control associated adverse environmental impacts as well as to support prevention for future events.

    Environmental aspects
    Procurement

    As flood relief works, the emergency measures and rehabilitation of existing structures, including pre-existing flood protection infrastructure are expected to fall under Annex II of the EIA Directive, the requirement for EIA’s and the screening procedures are set by National legislation. Competent authorities are reported to have participated in the emergency works and given permissions in real time. For longer term measures standard EIA procedures are expected to be undertaken. Application of appropriate environmental procedures will be assessed during Project appraisal.

    As the project mainly concerns emergency measures and rehabilitation of existing structures, standard procurement procedures have, to a large extent, not been followed. During appraisal, the Bank will verify satisfactory application of the Bank’s Guide to Procurement and relevant EU rules.

    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) - FLOODS&RED SLUDGE DISASTER RECOVERY
    Publication Date
    2 Jan 2014
    Document language
    Main Topic
    Lending
    Document Number
    43518010
    Document Focus
    Environmental Information
    Project Number
    20110369
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - FLOODS&RED SLUDGE DISASTER RECOVERY
    Publication Date
    1 Jan 2019
    Document language
    Main Topic
    Lending
    Document Number
    88615523
    Document Focus
    Environmental Information
    Project Number
    20110369
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

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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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