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    Summary sheet

    Release date
    13 October 2015
    Status
    Reference
    Approved | 16/11/2015
    20150025
    Project name
    Promoter - financial intermediary
    42 EMUS PROCUREMENT FOR MAV-START CO
    HUNGARY
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 36 million
    EUR 252 million
    Location
    Sector(s)
    Description
    Objectives

    The project is a major project allocation under the structured programme loan "Cohesion Fund FL III Phasing Rail Investments (2014-0278)" and consists of the acquisition of new rolling stock for passenger transport in the Budapest agglomeration.

    The project's objective is to provide a high quality passenger rail service in the future, renewing and expanding the existing passenger fleet. Trains will mainly operate on lines approaching Budapest, serving commuter flows within the Budapest agglomeration. Furthermore, the rolling stock will operate partly on the TEN-T network.

    Environmental aspects
    Procurement

    The project does not fall under either Annex I or Annex II of the Environmental Impact Assessment (EIA) Directive (2011/92/EU), which is not applicable to the manufacture and use of rail rolling stock. The project is expected to have a positive environmental impact by helping the railways to maintain modal share in key sections of the passenger transport market. In comparison with the old fleet, the new trains have the potential to generate significant energy savings, emission reductions and safety improvements.

    The promoter is a public entity obliged to comply with the European and national public procurement legislation. The supply contract, which was over the relevant EC Directive threshold, was internationally tendered, with publication of the contract notice in the Official Journal of the EU in November 2012. The contract was awarded and signed on 19 March 2013.

    Related projects

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - 42 EMUS PROCUREMENT FOR MAV-START CO
    Publication Date
    6 Jan 2016
    Document language
    Main Topic
    Lending
    Document Number
    63892336
    Document Focus
    Environmental Information
    Project Number
    20150025
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - 42 EMUS PROCUREMENT FOR MAV-START CO
    Publication Date
    16 Nov 2017
    Document language
    Main Topic
    Lending
    Document Number
    77263416
    Document Focus
    Environmental Information
    Project Number
    20150025
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
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