Release date: 18 April 2006
Promoter – Financial Intermediary
Magyar Fejlesztési Bank Rt. (MFB)
Nádor utca 31.
H- 1051 Budapest
Location
Description
Global Loan
Objectives
Through the financial intermediary, the global loan would contribute to the development of eligible projects promoted by local municipalities.
The global loan would also be available to support the flood relief facility that is currently being established by the financial intermediary and the Hungarian authorities.
Comments
Environment (water, wastewater treatment, municipal solid waste management excl. hazardous waste), municipal infrastructure incl. local public transport, rational use of energy, health and education.
If used in the scope of the flood relief facility, also other sectors would benefit from this global loan.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 200 million.
Total cost (Approximate amount)
At least EUR 400 million.
Environmental aspects
The financial intermediary will be requested to ensure compliance of the sub-projects with relevant national and EU Directives, as appropriate.
Procurement
The financial intermediary will be requested to ensure compliance of the sub-projects with EU Directives, as appropriate.
Status
Signed - 30/11/2006
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).