Release date: 7 September 2010
Promoter – Financial Intermediary
Republic of Hungary represented by the National Development Agency
Location
Description
The loan will provide financing for the Operational Programmes (OP) Transport and Energy & Environment within Hungary’s National Strategic Reference Framework for the EU programming period 2007-2013, complementing EU grants and national resources.
Objectives
The proposed operation will complement EU grants support. It will contribute to the implementation of eligible investments in the fields of transport, environment and energy, which are expected to foster Hungarian economic and social development, compliance with EU environment directives and further integration within the EU.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 770 million.
Total cost (Approximate amount)
EUR 6 200 million.
Environmental aspects
The project, being a multi-sector multi-scheme operation classified as Framework Loan/Structural Programme Loan, will have a number of effects on the environment, including reduction of pollution, reduced use of energy, increase of safety, improved water and wastewater services. The EIB will require from the promoter to act according to the provisions of the relevant EU directives, including SEA, EIA, Habitats, Birds Directives, as transposed in the national law.
Procurement
The promoter as a public administration entity is required to follow the EU public procurement rules (2004/18/EC), including the publication of contract notices in the EU Official Journal as implemented by national law, if and where appropriate. Projects with values below the EU thresholds will be procured according to the provisions laid down in the national legislation and in line with the general rules and principles of the Treaty on the Functioning of the European Union
Status
Signed - 20/06/2011
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).