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    Reference: 20150371
    Release date: 30 July 2015

    Promoter – Financial Intermediary

    HUNGARY

    Location

    Description

    Rehabilitation, upgrade and construction of strategic sections of the road network in Hungary.

    Objectives

    The operation will support the improvement and development of the road network in Hungary. The individual schemes will have an important socio-economic role in developing the key transport links and feeder roads to the strategic network and TEN-T.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 275 million

    Total cost (Approximate amount)

    EUR 1200 million

    Environmental aspects

    The project consists of a framework loan of multiple schemes that may be classes of development that fall under either Annex I or II of Environmental Impact Assessment (EIA) Directive 2011/92/EU. Whether the schemes were included in a plan or programme that was subject to strategic environmental assessment (Directive 2001/42/EC) or whether the schemes impact an area forming part of the Natura 2000 network will also be determined. It is a requirement that all schemes are to be implemented in compliance with EU environmental legislation.

    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 (Directive 2004/17/EC or 2004/18/EC and Directive 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where required. The procurement and contract strategy for the project and individual schemes will be determined.

    Status

    Signed - 7/03/2016

    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).

    Related tags

    Hungary Transport