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    Summary sheet

    Release date
    6 November 2019
    Under appraisal | 05/09/2019
    Project name
    Promoter - financial intermediary
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    EUR 500 million

    The project concerns the cooperation between the Hungarian Development Bank (MFB) and the EIB to support the implementation and financing of smart and sustainable investments in the areas of, inter alia, clean transportation, renewable energy and energy efficiency.

    The project will improve the quality of public transport service, helping thus reduce reliance on private cars, maintain and/or increase public transport share. The renewal and improvement of urban bus public transport including the deployment of cleaner technology will contribute to reduced pollution and low-carbon transport. Furthermore, the upgrades of railway services and introduction of smart lightning and other energy efficiency measures in public sector will entail positive externalities in terms of lower energy consumption.

    Environmental aspects

    Manufacturing of rolling stock vehicles does not fall within the scope of the EIA Directive 2014/52/EU amending Directive 2011/92/EU; therefore no environmental impact assessment (EIA) will be required for this component. In the case of infrastructure components within the project scope, where applicable the compliance with the requirements of the EU EIA Directive 2011/92/EU amended by 2014/52/EU and Directive 2010/31/EU on energy performance in buildings will be required. The disposal of the old buses will be further appraised. The project is expected to have a positive environmental impact by helping the public transport to increase and/or maintain modal share.

    Although the Promoter is not subject to EU rules on public procurement or concessions, the Final Beneficiaries are subject to EU procurement directives. Therefore, the EIB will require the Promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2014/24/EU or 2014/25/EU, where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU), with publication of tender notices in the Official Journal of the EU, as and where required.


    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).

    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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    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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