Release date: 28 September 2004
Promoter – Financial Intermediary
Ministry of Economy & Transport.Location
Description
The project concerns the construction of 38.7 km of new 2x2 motorway on the Budapest Ring Road M0 between trunk no.4 and motorway M3 (located to the southeast and east of Budapest). The southern sections of the bypass linking radial motorways M1, M7 and M5 and trunk road no.4 have already been completed or are in the process of being completed by using local funds. The proposed project would be supported as well by a significant Cohesion Funds contribution.
Objectives
The Project will accommodate existing and projected growth in traffic by providing a corridor bypassing Budapest city-centre and connecting the existing motorways branching out from Budapest. It is expected to contribute to (i) through-traffic diversion from the local road network, thereby relieving congestion and improving environmental conditions within the communities concerned and (ii) significant reductions in travel times along the route.
Sector(s)
Proposed EIB finance (Approximate amount)
In the order of EUR 70 million.
Total cost (Approximate amount)
Approximately EUR 495 million.
Environmental aspects
The project has been designed in full compliance with national and relevant EU environmental directives.
Procurement
Hungarian public procurement act to be applied (EU directives transposed into national law).
Status
Signed - 12/05/2005
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).