Release date: 17 January 2003
Promoter – Financial Intermediary
The Ministry of Economy & TransportLocation
Description
Financing of the construction of certain urban by-passes as well as up-grading and rehabilitation works on determined national trunk roads.
Objectives
The loan proceeds will contribute to improving local living standards and preventing a further deterioration of the existing road infrastructure. Finally, the project contributes to increased road security. Retained schemes will be implemented to achieve compliance with current EU levels so that the project assists Hungary in its EU accession efforts.
Comments
Infrastructure
Sector(s)
Proposed EIB finance (Approximate amount)
In the order of EUR 180 million
Total cost (Approximate amount)
In the order of EUR 240 million
Environmental aspects
The Bank will require the promoter to ensure compliance of the individual investment schemes with relevant national and EU Directives.
Procurement
The related works contracts will be awarded by open international tendering as per the standard requirements of the Bank.
Status
Signed - 1/09/2003
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).