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    € 30,000,000
    Hungary : € 30,000,000
    Urban development : € 30,000,000
    Signature date(s)
    22/12/2014 : € 30,000,000

    Summary sheet

    Release date
    26 May 2014
    Signed | 22/12/2014
    Project name
    Promoter - financial intermediary
    The project concerns a multi-sector framework facility for financing investment schemes within the city's Integrated Urban Development Plan. The project will include schemes, typically of small to medium size, mainly in the fields urban regeneration, transport, energy efficiency and environment, employment, and possibly also in other sectors.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 30 million
    EUR 200 million

    Urban development in City of Pecs

    The improvement and upgrading of municipal infrastructure is a pre-condition for the City's continuing economic development, and a prerequisite for increasing its attractiveness to investors, whilst simultaneously improving the quality of life of its citizens, upgrading the urban environment and valorising the existing resources such as the relevant cultural and historical attractions.

    Environmental aspects

    Some of the schemes might eventually fall under Annex I or Annex II of the EIA Directive 85/337/EEC, as amended. If any scheme had a negative impact on an area forming part of Natura 2000 network (falling under Habitats Directive 92/43/EEC or Birds Directive 79/409/EEC) the Bank would require the promoter to act according to the provisions of the aforementioned directives as transposed into national law.

    The promoter, as a public administration entity, is required to follow EU public procurement rules (2004/17/EC and 2007/18/EC) including 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 national or regional legislation.




    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).


    Environmental and Social Data Sheet (ESDS) - PECS URBAN DEVELOPMENT
    Publication Date
    22 Oct 2014
    Document language
    Main Topic
    Document Number
    Document Focus
    Environmental Information
    Project Number
    Publicly available
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