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Signature(s)

Amount
€ 50,000,000
Countries
Sector(s)
Hungary : € 50,000,000
Transport : € 50,000,000
Signature date(s)
12/05/2005 : € 50,000,000
Link to source

Summary sheet

Release date
28 September 2004
Status
Reference
Signed | 12/05/2005
20040042
Project name
Promoter - financial intermediary
Budapest Ring Road M0 Project
Ministry of Economy & Transport.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
In the order of EUR 70 million.
Approximately EUR 495 million.
Location
Sector(s)
Description
Objectives

The project concerns the construction of 38.7 km of new 2x2 motorway on the Budapest Ring Road M0 between trunk no.4 and motorway M3 (located to the southeast and east of Budapest). The southern sections of the bypass linking radial motorways M1, M7 and M5 and trunk road no.4 have already been completed or are in the process of being completed by using local funds. The proposed project would be supported as well by a significant Cohesion Funds contribution.

The Project will accommodate existing and projected growth in traffic by providing a corridor bypassing Budapest city-centre and connecting the existing motorways branching out from Budapest. It is expected to contribute to (i) through-traffic diversion from the local road network, thereby relieving congestion and improving environmental conditions within the communities concerned and (ii) significant reductions in travel times along the route.

Environmental aspects
Procurement

The project has been designed in full compliance with national and relevant EU environmental directives.

Hungarian public procurement act to be applied (EU directives transposed into national law).

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).

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