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    Reference: 20150040
    Release date: 13 October 2015

    Promoter – Financial Intermediary

    HUNGARY

    Location

    Description

    The project is a major project allocation under Cohesion Fund FL III Phasing Rail Investments and consists of the modernisation of the Szolnok - Szajol railway line section.

    Objectives

    The project is part of the upgrade programme of the existing railway corridor between Budapest – Szolnok – Szajol – Békéscsaba and Lökösháza state border towards Romania and includes reconstruction of 6.4 km of railway line. The line is part of two TEN-T core networks (Mediterranean and Orient East/Med) and the European Railway Traffic Management System (ERTMS) priority corridor. The project contributes to the objective of promoting sustainable transport on the TEN-T core network, with an expected increase in rail usage due to a modal shift from road.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 11 million

    Total cost (Approximate amount)

    EUR 77 million

    Environmental aspects

    The 2007-2013 transport operational programme (TOP) for Hungary underwent a strategic environmental assessment (SEA) procedure and the environmental effects were assessed. The project concerns rail transport investment and will contribute to sustainability objectives by making rail transport more attractive and better placed to face modal competition from road. The project will also enhance railway safety. Given the nature of the project, it falls under Annex I of the Environmental Impact Assessment (EIA) Directive (2011/92/EU) and a full EIA was required. The environmental permits have been issued and the project was not expected to have any impact on Natura 2000 sites.

    Procurement

    The promoter is a public entity obliged to comply with the European and national public procurement legislation. The construction works and associated supervision were procured by Nemzeti Infrastruktúra Fejleszt? (NIF) Zrt. in accordance with Directive 2004/18/EC. All the bid notices for construction and services were published in the Official Journal of the European Union (OJEU) and all the contracts have been awarded.

    Status

    Approved - 16/11/2015

    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