Central Hungary Regional Development

Promoter – Financial Intermediary

Republic of Hungary

Location

• Hungary

Description

Co-financing with the EU Commission’s funds of priority investments under the Central Hungary Operational Programme (CHOP) of the Hungarian National Strategic Reference Framework (NSRF) 2007-2013. As for the previous operation, the proposed loan will support the State’s contribution to the entire CHOP for the period 2007-2013 and will be implemented by the National Development Agency.

Objectives

Central Hungary is fully covered by the Regional Competitiveness and Employment Objective. The priorities axis (PA) of the CHOP are:

- PA1: Knowledge based economy (development of research centers, SMEs, start-ups, industrial parks, innovations) – some 27.7% of the funds;
- PA2: Access to TENs and regional road network – some 22% of the funds;
- PA3: Tourism – some 13% of the funds;
- PA4: Health and social care, education, public administration – some 19% of the funds);
- PA5: Urban and rural development (regeneration, settlements) – some 15ù of the funds;
- PA6: Technical assistance (administration) some 3.6% of the funds.

Sector(s)

• Composite infrastructure
• Water, sewerage
• Health
• Education

Proposed EIB finance (Approximate amount)

EUR 196.00 million

Total cost (Approximate amount)

EUR 1726.11 million

Environmental aspects

Hungary as a EU Member State has harmonized its environmental legislation with the EU Directives. All schemes financed by the Bank will be subject to environmental screening in accordance with the implementation procedures established for the Central Hungary Operational Programme.

Procurement

EU Directives have been generally transposed into national Hungarian legislation. Tenders will be organized in compliance with EU requirements, a precondition for EU grant support.

Status

Signed - 7/10/2008