Release date: 7 May 2003
Promoter – Financial Intermediary
The Ministry of Environment & WaterLocation
Description
Financing of the construction of selected environmental investment schemes located in certain regional centres, eligible for EU grant financing through the ISPA instrument.
Objectives
The loan proceeds will contribute to increasing local living standards and preventing a further deterioration of the existing infrastructures by providing enhanced service quality based on EU compatible environmental standards. The 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 50 million.
Total cost (Approximate amount)
In the order of EUR 150 million.
Environmental aspects
The Bank in close co-operation with ISPA 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 and ISPA.
Status
Signed - 8/12/2003
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).