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MAV Magyar Allamvasutak ZRT (MAV)
The Project comprises the acquisition of up to 50 dual-voltage locomotives for use on domestic and international passenger and freight services replacing older locomotive types.
The investment aims at increasing the capacity and quality of national and international passenger and freight services provided by the Hungarian Railways
The purchase of railway rolling stock does not fall under EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC, thus an Environmental Impact Assessment is not required. New rolling stock will conform to modern environmental standards. These include reduced noise and pollution, increased energy efficiency and restrictions on the use of some materials. Overall, the project will have a positive environmental impact.
The Bank will require the Promoter to ensure, where applicable, that the investments to be financed under the present operation will comply with EU procurement Directives.