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BUDAPEST-METRO LINE 2-M2 ROLLING STOCK

Signature(s)

Amount
€ 85,000,000
Countries
Sector(s)
Hungary : € 85,000,000
Transport : € 85,000,000
Signature date(s)
19/06/2006 : € 85,000,000
Link to source

Summary sheet

Release date
15 July 2005
Status
Reference
Signed | 19/06/2006
20050160
Project name
Promoter - financial intermediary
Budapest – Metro Line 2 – M2 Rolling Stock
  • Municipality of Budapest - Project Implementation Unit
    Office of the Mayor, 1052- Budapest, Városház utca 9-11. Hungary
    Mr. Dénes SIKLÓSI, Head of Project Implementation Unit
    Tel.: +36 (1) 327 1066
  • Budapest Transport Limited (BKV Rt.)
    H-1980 Budapest, POB 11. Hungary
    Mr. Zoltán DONÁTH, Deputy General Director
    Tel.: +36 (1) 461 6653
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Approximately up to EUR 85 million.
Approximately up to EUR 174 million.
Location
Sector(s)
Description
Objectives

The project comprises BKV’s purchase of 22 new metro trains to operate on the existing metro line 2 (M2) and the upgrading of an existing depot. The new rolling stock will replace obsolete Russian type rolling stock, which is up to 35 years old.

The Budapest Public Transport Company (BKV) decided to buy new rolling stock to match the asset life of the currently rehabilitated infrastructure for M2, which will have an economic life of around 35 years after completion. The new vehicles will have a higher passenger comfort and energy efficiency.

Environmental aspects
Procurement

The construction of the new train sets will take place in the manufacturer's plants and is not covered by Annex I or II of EU Directive 97/11/EC. BKV has the intention of obtaining the ISO 9002 certification for operation of its metro lines and supports a sustainable environmental protection policy. BKV is also committed to continue improvements in environmental management and to achieve accreditation to the ISO 14001 standard in the near future. Overall the project will have a positive effect on the environment.

BKV is an organisation that is subject to EU public procurement directives. As required by these Directives, the tender notice for pre-qualification was published in the EU Official Journal (OJEU) on 06/06/2005.

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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