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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Hungary : € 100,000,000
    Energy : € 100,000,000
    Signature date(s)
    28/09/2018 : € 100,000,000

    Summary sheet

    Release date
    15 February 2018
    Status
    Reference
    Signed | 28/09/2018
    20170682
    Project name
    Promoter - financial intermediary
    POWER TRANSMISSION MODERNISATION AND EXTENSION
    MAVIR MAGYAR VILLAMOSENERGIA-IPARI ATVITELI RENDSZERIRANYITO ZRT
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    EUR 290 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    The project consists of the reinforcement and extension of the electricity transmission network in Hungary.

    The project is expected to enable the promoter to improve the safety and reliability of the electricity transmission system as well as support the efficient operation of the electricity transmission network in Hungary.

    Environmental aspects
    Procurement

    Some project components related to the construction of new electricity transmission infrastructure - in particular a new overhead line and the new substations - need to undergo an Environmental Impact Assessment (EIA). The project components are expected to have limited environmental consequences. The main impacts that can typically be expected for projects of this nature relate to visual impacts, vegetation clearance, electromagnetic fields, noise nuisance, impact on flying vertebrates and disturbance during construction. The potential social impact refers to the location of the towers and to the right of way of the transmission corridors.

    The Bank will require the promoter to ensure that contracts for the implementation of the programme's components have been tendered in accordance with the relevant applicable EU procurement legislation defining public procurement rules.

    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) - POWER TRANSMISSION MODERNISATION AND EXTENSION
    Publication Date
    21 Jun 2018
    Document language
    Main Topic
    Lending
    Document Number
    82931149
    Document Focus
    Environmental Information
    Project Number
    20170682
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - POWER TRANSMISSION MODERNISATION AND EXTENSION
    Publication Date
    15 Jun 2018
    Document Language
    English
    Main Topic
    lending
    Document Number
    84037291
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20170682
    Last update
    15 Jun 2018
    Sector(s)
    Energy
    Countries
    Hungary
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    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.

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    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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