Release date: 21 October 2002
Promoter – Financial Intermediary
Municipality of Budapest
Office of the Mayor
Attn. Mr. Attila PÓCS
Counsellor, Head of Project Implementation Unit
Városház u. 9 - 11
H-1364 Budapest
POB. 1
Tel. +361 327 1066
Location
Description
A series of investment schemes (transport, health, education, urban regeneration) to improve the infrastructure and services of the Municipality of Budapest.
Objectives
All these investment schemes identified under the present operation aim at continuously improving the quality of life in the Budapest area but also the environment (pollution and noise) and hence respond to urgent needs, which is in line with the priorities agreed in the context of the Accession Partnership Agreement between the European Union and Hungary.
Comments
Health, education, urban regeneration.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 370 million
Total cost (Approximate amount)
EUR 574 million
Environmental aspects
Within the framework of the loan, the Borrower will be requested to ensure compliance of the sub-projects with EU directives, as appropriate. As regards specifically the transport sector sub-projects, the project does not fall within Annex I or II of EU Directive 97/11/EC and an EIA is therefore not required. The promoter will comply with national environmental legislation, which requires approval from the local Environmental Protection Authority before procurement can commence.
Procurement
The sub-projects will be procured in line with EU Procurement Directives for large public works contracts if applicable.
Status
Signed - 16/12/2002
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).