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    Reference: 20170663
    Release date: 14 December 2017

    Location

    Description

    Stage I: Upgrading of railway line and installation of European Train Control System (ETCS) level 2 on the Kelenföld-Százhalombatta section

    Objectives

    The project will increase the quality of rail services provided in Hungary as well as promote travel by rail, thereby enhancing sustainable transport in line with EU objectives. The economic benefits expected are time savings for existing passengers, vehicle operating cost reduction and accident reduction for travellers expected to shift from road to rail as a result of the project. The project offers furthermore some environmental benefits from modal shift of passengers.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 101 million

    Total cost (Approximate amount)

    EUR 240 million

    Environmental aspects

    An environmental impact assessment (EIA) was carried out as required by the EIA Directive for projects covered by Annex I. Following the EIA procedures, including public consultation, the competent authority issued an environmental permit which identifies mitigation measures for environmental impact during the construction period as well as during operation. The project is located close to a Natura 2000 site, the Danube River. The competent authority, however, declared in the environment permit that the project does not have significant impact on the Natura 2000 site.

    Procurement

    The Bank will require the promoter to ensure tendering of contracts for the implementation of the project, in accordance with the relevant applicable EU procurement legislation, in particular Directive 2014/24/EU, as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Approved - 16/03/2018

    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