Release date: 17 January 2003
Promoter – Financial Intermediary
Ministry of Economy & Transport and the Hungarian State Railways company Ltd (MAV)Location
Description
Financing of railway infrastructure related investment schemes mainly for track and station rehabilitation.
Objectives
The loan proceeds will contribute to the rehabilitation and modernisation of selected railway infrastructures allowing for increased service quality and safety. All 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 150 million
Total cost (Approximate amount)
In the order of EUR 200 million
Environmental aspects
The Bank will require the relevant local authorities 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).