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Summary sheet

Release date
13 October 2015
Status
Reference
Approved | 16/11/2015
20150025
Project name
Promoter - financial intermediary
42 EMUS PROCUREMENT FOR MAV-START CO
HUNGARY
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 36 million
EUR 252 million
Location
Sector(s)
Description
Objectives

The project is a major project allocation under the structured programme loan "Cohesion Fund FL III Phasing Rail Investments (2014-0278)" and consists of the acquisition of new rolling stock for passenger transport in the Budapest agglomeration.

The project's objective is to provide a high quality passenger rail service in the future, renewing and expanding the existing passenger fleet. Trains will mainly operate on lines approaching Budapest, serving commuter flows within the Budapest agglomeration. Furthermore, the rolling stock will operate partly on the TEN-T network.

Environmental aspects
Procurement

The project does not fall under either Annex I or Annex II of the Environmental Impact Assessment (EIA) Directive (2011/92/EU), which is not applicable to the manufacture and use of rail rolling stock. The project is expected to have a positive environmental impact by helping the railways to maintain modal share in key sections of the passenger transport market. In comparison with the old fleet, the new trains have the potential to generate significant energy savings, emission reductions and safety improvements.

The promoter is a public entity obliged to comply with the European and national public procurement legislation. The supply contract, which was over the relevant EC Directive threshold, was internationally tendered, with publication of the contract notice in the Official Journal of the EU in November 2012. The contract was awarded and signed on 19 March 2013.

Related projects
Link to source

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).

Documents

Environmental and Social Data Sheet (ESDS) - 42 EMUS PROCUREMENT FOR MAV-START CO
Publication Date
6 Jan 2016
Document language
Main Topic
Lending
Document Number
63892336
Document Focus
Environmental Information
Project Number
20150025
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - 42 EMUS PROCUREMENT FOR MAV-START CO
Publication Date
16 Nov 2017
Document language
Main Topic
Lending
Document Number
77263416
Document Focus
Environmental Information
Project Number
20150025
Sector(s)
Regions
Countries
Publicly available
Download now

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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