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Summary sheet

Release date
6 February 2015
Status
Reference
Approved | 20/03/2015
20110460
Project name
Promoter - financial intermediary
BUDAPEST TRAMWAYS 1&3 (FL2009-0132)
MINISTRY FOR NATIONAL ECONOMY
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 8 million
EUR 138 million
Location
Sector(s)
Description
Objectives

The project consists of the reconstruction of two major tram lines in Budapest, lines 1 & 3, aligned along two parallel rings bordering Pest Central Business District, and the extension of tram line 1.

The aim of the project is to improve the public transport service by developing and modernising tangential tramway lines and by creating new public transport network links and interchanges and modernising existing connections.

Environmental aspects
Procurement

The investments are part of the transport operational programme for which a strategic environmental assessment (SEA) was concluded in 2007, in compliance with the SEA Directive 2001/42/EC, and they are also part of the development plan of the Budapest Transport System. Both components fall under Annex II of Directive 2011/92/EU, according to which the need for an environmental impact assessment (EIA) is decided on a case-by-case basis by the competent authority. The extension of the tram network and the refurbishment of the existing tramlines were screened out in accordance with EU and Hungarian regulations. The schemes are not likely to have any significant impact on the species and habitats of Natura 2000 sites.

The promoter is a public company obliged to comply with European and national public procurement legislation. All of the works and services related to the implementation of the project have already been procured accordingly. The construction works and associated supervision were procured by the promoter in accordance with Directive 2004/18/EC. All the bid notices for construction and services were published in the Official Journal of the European Union (OJEU) and all the contracts have been awarded.

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) - BUDAPEST TRAMWAYS 1&3 (FL2009-0132)
Publication Date
31 Mar 2015
Document language
Main Topic
Lending
Document Number
58215539
Document Focus
Environmental Information
Project Number
20110460
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - BUDAPEST TRAMWAYS 1&3 (FL2009-0132)
Publication Date
8 Oct 2017
Document language
Main Topic
Lending
Document Number
68847305
Document Focus
Environmental Information
Project Number
20110460
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.

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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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