Release date: 13 May 2008
Promoter – Financial Intermediary
MAV Magyar Allamvasutak ZRT (MAV)
Location
Description
The Project comprises the acquisition of up to 50 dual-voltage locomotives for use on domestic and international passenger and freight services replacing older locomotive types.
Objectives
The investment aims at increasing the capacity and quality of national and international passenger and freight services provided by the Hungarian Railways
Sector(s)
Proposed EIB finance (Approximate amount)
In the order of EUR 75 million.
Total cost (Approximate amount)
In the order of EUR 150 million (preliminary estimation).
Environmental aspects
The purchase of railway rolling stock does not fall under EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC, thus an Environmental Impact Assessment is not required. New rolling stock will conform to modern environmental standards. These include reduced noise and pollution, increased energy efficiency and restrictions on the use of some materials. Overall, the project will have a positive environmental impact.
Procurement
The Bank will require the Promoter to ensure, where applicable, that the investments to be financed under the present operation will comply with EU procurement Directives.
Status
Signed - 3/12/2009
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).