Release date: 10 April 2002
Promoter – Financial Intermediary
Ministry of Transport & Water Management and the Road Management and Coordinating Directorate /UKIGLocation
Description
Financing of investment schemes in the roads sector with the aim to achieve 11.5ton load bearing capacity; the retained investment schemes are also eligible for EU grant financing (ISPA)
Objectives
The loan proceeds will contribute to the rehabilitation and modernization of individual investment schemes and lead to a reduction of vehicle operating and maintenance costs. Retained schemes will be implemented to achieve compliance with current EU levels so that the project assists Hungary in its EU accession efforts.
Sector(s)
Proposed EIB finance (Approximate amount)
In the order of EUR 60 million
Total cost (Approximate amount)
In the order of EUR 150 million
Environmental aspects
The Bank in close co-operation with ISPA will require the promoters to ensure compliance of the individual investment schemes with relevant national and EU Directives.
Procurement
The related works contracts will be awarded by open international tendering as per the standard requirements of the Bank and ISPA.
Status
Signed - 16/12/2002
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).