Release date: 13 December 2004
Promoter – Financial Intermediary
Ministry of Economy & TransportLocation
Description
The project concerns selected railway rehabilitation investments on railway line Budapest-Szolnok-Lökösháza forming part of TEN corridors IV. The proposed project would be supported as well by a significant Cohesion Fund contribution.
Objectives
The Project will contribute to the improvement of existing railway infrastructure on major railway lines in order to decrease journey times and improve safety as well as enhance service quality.
Sector(s)
Proposed EIB finance (Approximate amount)
In the order of EUR 40 million
Total cost (Approximate amount)
Approximately EUR 165 million
Environmental aspects
The project has been designed in full compliance with national and relevant EU environmental directives.
Procurement
Hungarian public procurement act to be applied (EU directives transposed into national law).
Status
Signed - 12/05/2005
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).