Release date: 28 September 2012
Promoter – Financial Intermediary
The loan will provide financing for the Social Infrastructure and the Social Renewal Operational Programmes within Hungary’s National Strategic Reference Framework for the EU programming period 2007-2013, complementing EU grants and national resources.Location
Description
Co-financing of two Hungarian Operational Programmes (SIOP, SROP) - health and education sector.
Objectives
The proposed operation will complement EU grants support. It will contribute to the implementation of eligible investments in the fields of healthcare, education and training, which are expected to foster Hungarian economic and social development, including employment, and further integration within the EU.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 400 million
Total cost (Approximate amount)
EUR 3637 million
Environmental aspects
The proposed project is a multi-sector, multi-scheme operation classified as Framework Loan/Structural Programme Loan. It will co-finance two operational programmes which are supported by the European Regional Development Fund and, to a lesser extent, the Cohesion Fund, thus are subject to Strategic Environmental Assessment (SEA) according to EU Directive on SEA 2001/42/EC.
Under this framework loan some schemes are likely to fall under Annex I or Annex II of the EIA Directive 2011/92/EU. Should any scheme have a negative impact on an area forming part of Natura 2000 network (falling under the Habitats Directive 92/43/EEC or Birds Directive 79/409/EEC) the Bank would require the promoter to act according to the provisions of the aforementioned Directives as transposed into the national law.
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/18/EEC/ or 2004/17/EEC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 6/12/2012
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).