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Summary sheet

Release date
16 December 2024
Status
Reference
Approved | 19/11/2025
20240672
Project name
Promoter - financial intermediary
MAV RAIL INFRA MODERNIZATION PROGRAMME
MAV PALYAMUKODTETESI ZRT,MINISTRY OF CONSTRUCTION AND TRANSPORT - HUNGARY
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
HUF 382796 million (EUR 1001 million)
HUF 765593 million (EUR 2002 million)
Location
Sector(s)
Description
Objectives

The project includes several schemes to upgrade and rehabilitate Trans-European Transport Network (TEN-T) and suburban railway lines, investments in traffic control, signalling and power supply for railway lines, as well as the purchase of various railway maintenance vehicles and equipment.

The project is expected to improve the quality of rail services and promote rail travel in Hungary. It will help prevent a shift from rail to road, reducing negative impacts on the local environment such as greenhouse gas emissions. It will also deliver environmental and safety benefits and generate savings in vehicle operating costs. By contributing to interoperability within the EU railway system, the project is expected to strengthen the competitiveness of rail compared with other modes and thereby enhance sustainable transport in line with EU objectives. The project is mainly located in EIB Cohesion Priority Regions and, by improving access, will support regional development. Some schemes aim to increase the capacity of existing lines and remove bottlenecks, enabling traffic growth. On sections where works allow higher maximum speeds or prevent speed reductions, the project may also generate time savings for passengers.

Environmental aspects
Procurement

The project will consist of multiple schemes and their compliance with the requirements of the Environmental Impact Assessment (EIA) Directive 2011/92/EU (as amended by Directive 2014/52/EU) and the development consents will be reviewed during appraisal. The project's potential impacts on protected areas and species, in accordance with the Habitats Directive (92/43/EEC) and Birds Directive (2009/147/EC) will also be appraised. All else equal, the project is expected to have a positive environmental impact by helping the railways to maintain modal share. Furthermore, the project is expected to contribute to climate action and environmental sustainability objectives, in particular to climate change mitigation.

The promoter shall ensure that contracts for the implementation of the project have been tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/25/EU as well as Directive 92/13/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
19 November 2025
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) - MAV RAIL INFRA MODERNIZATION PROGRAMME
Publication Date
2 Dec 2025
Document language
Main Topic
Lending
Document Number
253843441
Document Focus
Environmental Information
Project Number
20240672
Sector(s)
Regions
Countries
Publicly available
Download now
Other links

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.

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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.

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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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