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Signature(s)

Amount
€ 250,000,000
Countries
Sector(s)
Hungary : € 250,000,000
Transport : € 250,000,000
Signature date(s)
23/12/2013 : € 250,000,000
Link to source

Summary sheet

Release date
27 September 2013
Status
Reference
Signed | 23/12/2013
20130278
Project name
Promoter - financial intermediary
RAILWAY INFRASTRUCTURE REHABILITATION
MAV MAGYAR ALLAMVASUTAK ZRT
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 250 million
EUR 550 million
Location
Sector(s)
Description
Objectives

Designed as a framework loan, the project will support rehabilitation, modernisation and upgrading of existing conventional rail infrastructure in Hungary within its investment programme for 2013-2016.

It will contribute to the sustainable transport objective in a cohesion country by improving the efficiency, comfort and safety of the railway system and thus enhancing the attractiveness of this sustainable mode of transport.

Environmental aspects
Procurement

The project is an investment programme, hence the need for an EIA may vary according to each scheme. Nevertheless, based on the nature of works most schemes are not expected to be subject to an EIA process. The Promoter’s environmental capabilities will be checked during appraisal. The project is expected to have positive impacts on environment by contributing to a modal shift from road to rail transport and to maintain railway transport attractiveness and competitiveness.

The Promoter is subject to and follows public procurement rules according to EU and national regulations. The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (in this case Directives 2004/17/EC and 2007/66/EC), with publication of tender notices in the EU Official Journal. The Promoter’s procurement procedures will be checked during appraisal.

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) - RAILWAY INFRASTRUCTURE REHABILITATION
Publication Date
16 Jan 2014
Document language
Main Topic
Lending
Document Number
50095396
Document Focus
Environmental Information
Project Number
20130278
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - RAILWAY INFRASTRUCTURE REHABILITATION
Publication Date
25 Dec 2021
Document language
Main Topic
Lending
Document Number
141310547
Document Focus
Environmental Information
Project Number
20130278
Sector(s)
Regions
Countries
Publicly available
Download now

News & Stories

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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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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 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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