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    Reference: 20100637
    Release date: 3 October 2011

    Promoter – Financial Intermediary

    Republic of Hungary represented by the National Development Agency

    Location

    Description

    The project consists of the modernisation of the existing single track railway line between Sopron-Szombathely-Szentgotthard, 116 km, including installation of new ETCS level 2 signalling system and electrification from Szombathely to Szentgotthard. Purchase of four electric multiple units for regional passenger traffic is also foreseen.

    Objectives

    The project aims at increasing railway share in traffic, improving safety and reducing emissions by (i) reducing travel time, (ii) increasing line capacity, (iii) electrification, (iv) improving traffic control, (v) using active and passive noise protection, (vi) installing platforms, lighting and audio visual equipment at stations and stops and (vii) improving or eliminating level crossings.

    Comments

    Under Framework Loan

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 15.20 million

    Total cost (Approximate amount)

    EUR 98 million

    Environmental aspects

    The project falls under Annex II of the EIA Directive and was screened out by the Competent Authorities on the basis of the preliminary environmental impact studies carried out. The Competent Authorities also confirmed that the project will not have any significant impact on declared Natura 2000 sites. Thanks to the electrification of the line, the project will reduce negative environmental externalities due to rail service operation, significantly decreasing associated levels of noise and emission of pollutants. Furthermore, a number of active and passive noise protection measures shall be adopted to minimise potential negative impacts. Compliance with environmental legislations will be verified during appraisal.

    Procurement

    The project implementation is managed by the GYSEV Zrt. which has obtained in 2006 a 40 year concession for line operation. GYSEV Zrt. Is an Austrian-Hungarian joint venture. The owner of the line is the Hungarian State Treasury represented by the Hungarian State Property Operator Ltd. The company is obliged to comply with the European and National Public Procurement legislation. The procurement process will be verified during appraisal.

    Status

    Under appraisal - 3/10/2011

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Hungary Transport