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Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Hungary : € 200,000,000
Education : € 200,000,000
Signature date(s)
20/05/2025 : € 200,000,000
Link to source

Summary sheet

Release date
24 April 2024
Status
Reference
Signed | 20/05/2025
20230417
Project name
Promoter - financial intermediary
EDUCATION INFRASTRUCTURE (HU) III
MINISTRY OF CONSTRUCTION AND TRANSPORT - HUNGARY
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
EUR 432 million
Location
Sector(s)
Description
Objectives

The project will finance the construction of six new schools and the renovation of five other schools creating and modernising over 90,000m2 of education facilities.

The aim is to support investments in education while aligning the school network to the current demographic needs.

Additionality and Impact

The Project creates positive externalities as it will promote access to high-quality public education, which benefits society and the broader economy, mainly in terms of skills development and upgrading but also in terms of other positive social outcomes such as improved social cohesion and health outcomes.


The new and upgraded education facilities will provide an environment more conducive to learning, which should then translate into better quality of education and, possibly, better learning outcomes.


It is expected that the investments improving the energy efficiency of school infrastructure will save operating costs and contribute to the construction of a more sustainable future.


Environmental aspects
Procurement

Environmental Impact Assessment (EIA) Directive 2011/92/EU (amended by Directive 2014/52/EU) does not specifically cover educational facilities, leaving it at the discretion of the responsible competent authorities to request an EIA on the basis of the location and scale of the works concerned. However, these may fall under Annex II of the EIA Directive with respect to urban development. The public buildings will be required to at least meet the energy efficiency targets as defined in Directive 2010/31/EU on the energy performance of buildings and Directive 2012/27/EU on energy efficiency. The project is expected to contribute to climate action and environmental sustainability (CA&ES) objectives, in particular to climate mitigation and climate adaptation, which will be verified during the appraisal. Social and environmental aspects as well as any aspects related to historical and cultural heritage will be further verified during the appraisal of the subsequent sub-projects.

The promoter has to ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/24/EU as well as Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Milestone
Under appraisal
Approved
Signed
15 October 2024
20 May 2025
Link to source
Other links

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) - EDUCATION INFRASTRUCTURE (HU) III
Publication Date
18 Oct 2024
Document language
Main Topic
Lending
Document Number
186399828
Document Focus
Environmental Information
Project Number
20230417
Sector(s)
Regions
Countries
Publicly available
Download now

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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.

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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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