Release date: 7 June 2007
Promoter – Financial Intermediary
Republic of Hungary, acting through the Ministry of Finance.
Location
Description
The project consist of the co-financing with the EU commission’s funds of projects in the fields of education, training and employment under the Operational Programmes included in The New Hungary Development Plan (2007-13).
Objectives
The projects and schemes to be co-financed by the Bank will be structured to meet the priorities set in the Infrastructure Renewal and Social Renewal Operational Programmes and shall contribute to assist Hungary in achieving further convergence in levels of social development with the rest of EU.
Sector(s)
Proposed EIB finance (Approximate amount)
In the order of EUR 300 million.
Total cost (Approximate amount)
Approximately EUR 4.397 billion.
Environmental aspects
As new Member State Hungary has harmonised its environmental legislation in line with the relevant EU Directives. All investments that may benefit from EU support would need to fully comply with EU requirements. Given the nature of the projects to be financed environmental issues are expected to be minor.
Procurement
Tenders will be organised in compliance with EU requirements, a precondition for EU grant support. Tender notices will be published, as appropriate, in the EU Official Journal.
Status
Signed - 14/12/2007
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).