Release date: 28 July 2004
Promoter – Financial Intermediary
Ministry of Economy & Transport
Szemere utca 6
H-1055 Budapest
Hungary
Location
Description
The project concerns the design, building, financing and operation (DBFO) of the first phase of the M6 double carriageway motorway in Hungary from Budapest (“érdi tétö”) to Dunaujvarös (M6-M8 junction), 53 km south of Budapest.
Objectives
The project will provide a new national and international link within Hungary and to the wider Balkans along this TEN corridor. It is expected to have a catalytic effect on regional development in the Transdanubian Region, which has suffered from industrial decline and the restriction on traffic flows to the Balkans following the political conflicts of the last decade. The improved north-south transport links with the Croatian coast and to Bosnia-Herzegovina, will also help advance development and normalization in these countries.
Sector(s)
Proposed EIB finance (Approximate amount)
Normally up to 50% of the project cost.
Total cost (Approximate amount)
Project cost will only be known when the preferred bidder has been appointed.
Environmental aspects
The alignment and preliminary designs have been the subject of environmental approvals issued by the relevant responsible authorities following public consultation. The winning concessionaire will be responsible for implementing the motorway within the framework of the present environmental approvals.
Procurement
The project was advertised in the Official Journal of the European Union. The Hungarian authorities received preliminary tender dossiers from 4 international bidding consortia to bid for the project. Three groups have been shortlisted and requested to submit detailed bids by July 19, 2004. The Hungarian authorities expect to announce the preferred bidder on August 2, 2004.
Status
Signed - 28/03/2006
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).