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Signature(s)

Amount
€ 124,350,292.07
Countries
Sector(s)
Hungary : € 124,350,292.07
Transporte : € 124,350,292.07
Signature date(s)
18/12/2019 : € 47,465,005.9
16/12/2022 : € 76,885,286.17
Link to source

Summary sheet

Release date
16 April 2019
Status
Reference
Signed | 18/12/2019
20180886
Project name
Promoter - financial intermediary
VOLAN PUBLIC TRANSPORT FLEET RENEWAL
VOLAN BUSZPARK KFT
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
HUF 47000 million (EUR 146 million)
HUF 257332 million (EUR 799 million)
Location
Sector(s)
Description
Objectives

The project, structured as a framework loan, comprises the gradual purchase and putting into operation of around 3 200 new regional and urban public transport buses (different types), to eventually substitute the current old bus fleet of seven regional public transport operators.

The project will improve the quality of service of the bus network while contributing to the sustainability of public transportation and climate change mitigation. These aims are in line with the EIB's transport lending policy and EU and EIB objectives on climate action.

Environmental aspects
Procurement

The purchase of new buses falls outside the scope of the Environmental Impact Assessment (EIA) Directive 2011/92/EU amended by Directive 2014/52/EU. Although outside the present scope of the project, for any ancillary infrastructure or rapid charging stations, as well as other associated investments necessary for operation of the project, compliance with the requirements of the EIA Directive will be required. The project is expected to have a positive impact on the environment (decrease in air pollution emissions) due to better fuel technology of the new buses; it is also going to improve energy efficiency due to the technologically advanced engines. The measures to be taken by the promoter in the decommissioning of old buses will be further checked at appraisal, as well as all the other environmental aspects.

The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/25/EU (repealing 2004/17/EC)) as well as Directive 2007/66/EC (amending Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the EU, as and where required.

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) - VOLAN PUBLIC TRANSPORT FLEET RENEWAL
Publication Date
19 Jun 2019
Document language
Main Topic
Lending
Document Number
91752294
Document Focus
Environmental Information
Project Number
20180886
Sector(s)
Regions
Countries
Publicly available
Download now
scoreboard - VOLAN PUBLIC TRANSPORT FLEET RENEWAL
Publication Date
19 Jul 2019
Document Language
English
Main Topic
lending
Document Number
94277109
Document Focus
EFSI legal requirements
Document Type
Scoreboard
Project Number
20180886
Last update
19 Jul 2019
Sector(s)
Transporte
Countries
Hungary
Publicly available
Download now

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General enquiries and comments

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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.

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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 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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