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Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Hungary : € 200,000,000
Telecom : € 200,000,000
Signature date(s)
13/12/2013 : € 200,000,000
Link to source

Summary sheet

Release date
2 October 2013
Status
Reference
Signed | 13/12/2013
20130276
Project name
Promoter - financial intermediary
TELECOMMUNICATION NETWORK DEVELOPMENT IN HUNGARY
Private Company
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 75 million
EUR 150 million
Location
Sector(s)
Description
Objectives

Upgrading and development of the Promoter's fixed and mobile networks in Hungary during the 2014-2016 period and other related capex.

Knowledge Economy 100 %
Economic and Social Cohesion (transversal) 100 %
Telecommunications 100 %

Environmental aspects
Procurement

In principle the project will not require Environmental Impact Assessment as telecommunication projects are not specifically mentioned in the annexes of the Directive 2011/92/EU. It will however be assessed whether authorities require EIAs and the authorisations necessary for possible installations in Natura 2000 areas. The main expected impact is from the mobile network component with potential health risks of electromagnetic radiation to be mitigated by industry best practice and the respect of EU legislation.

The promoter is a private company not having a status of a contracting authority. Thus, it is not covered by the EU directives on procurement.

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) - MAGYAR TELEKOM NETWORK DEVELOPMENT
Publication Date
24 Mar 2014
Document language
Main Topic
Lending
Document Number
49991072
Document Focus
Environmental Information
Project Number
20130276
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - MAGYAR TELEKOM NETWORK DEVELOPMENT
Publication Date
14 Nov 2018
Document language
Main Topic
Lending
Document Number
79844978
Document Focus
Environmental Information
Project Number
20130276
Sector(s)
Regions
Countries
Publicly available
Download now

News & Stories

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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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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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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.

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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