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    Reference: 20110367
    Release date: 22 September 2011

    Promoter – Financial Intermediary

    Municipality of Budapest

    Location

    Description

    Rehabilitation of the Margit bridge and the connecting transport system in Budapest. The bridge is part of the national cultural heritage, an important connection between the two sides of the city center over the Danube also providing access through a wing-bridge to the Margit Island, a central recreation area.

    Objectives

    The project will contribute to improving the service level for the public transport and the non-motorised individual traffic, including construction of cycle paths, while preserving the bridge’s functionality to serve individual car traffic.

    Comments

    Under Framework Loan

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 87 million

    Total cost (Approximate amount)

    EUR 110 million

    Environmental aspects

    The project has not been classified under Annex I or Annex II of the EIA Directive by the local competent authority. Compliance with environmental legislation will be verified during appraisal, notably for environmental impact and nature conservation aspects.

    Procurement

    The Promoter is a public company obliged to comply with the European and National Public Procurement legislation.

    Status

    Under appraisal - 22/09/2011

    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 Urban development