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    Reference: 20200588
    Release date: 17 November 2020

    Promoter – Financial Intermediary

    ORSZAGOS VIZUGYI FOIGAZGATOSAG

    Location

    Description

    The proposed project focuses on providing flood protection from Tisza river and its tributary the Tur in the upper section of the Tisza. Flood protection is mainly enhanced through the construction of a 42 million m3 retention reservoir to be formed by the construction of some 24.7 km of dykes.

    Objectives

    The proposed project will increase flood water retention capacity of the Tisza river in order to increase flood safety and reduce potential flood damage by reduction of the height of extreme flood waves. In addition to enhancing flood protection, the project also has a water management function in promoting wetland management and better management of groundwater resources during periods of drought. It also provides improved protection against floods to an estimated 132 000 inhabitants.

    Sector(s)

    • Water, sewerage - Water supply; sewerage, waste management and remediation activities

    Proposed EIB finance (Approximate amount)

    EUR 12 million

    Total cost (Approximate amount)

    EUR 113 million

    Environmental aspects

    Where and if applicable, the requirements of the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending Directive 2011/92/EC, the Habitats Directive (92/43/EC) and the Birds Directive (79/409/EEC) will be respected and the Bank will publish the full text of the relevant EIAs on its website. The Bank will assess the Promoter's capacity and procedures to ensure compliance with national and European environmental and biodiversity regulations.

    Procurement

    The Bank will require the Promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/24/EU where applicable, and/or 2014/25/EU where applicable, and/or 2014/23/EU where applicable, as well as Directives 89/665/EEC and 92/13/EEC), 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 - 10/11/2021

    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 Water, sewerage