Release date: 10 June 2008
Promoter – Financial Intermediary
Hamburger Hungaria KftMr Zoltan Szikla, Managing DirectorH-1215 Budapest, Duna u. 42.HungaryTel.:+36 1 278 84 00Location
Description
The project concerns construction and operation of a new 350 kt p.a. production line for containerboard, located in the Promoter's existing paper mill in Dunaújváros, Hungary.
Objectives
The project contributes to competitiveness and sustainability of local industry in the Central Transdanubia region, an EU convergence area. The project supports waste reduction by reducing the amount of paper destined to landfills and encourages further improvements in the paper collection systems in Hungary.
Comments
Manufacture of paper and paperboard
Sector(s)
Environmental aspects
The project falls under Annex I of the EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC, and therefore an EIA is mandatory. Full environmental details will be assessed during the appraisal, including possible impacts on protected flora and fauna (Habitats’ 92/43/EEC and Birds’ 79/409/EEC Directives).
Procurement
The promoter is a private company that is not operating in the Utilities sector, and is thus not covered by EU Directives on procurement.
Status
Signed - 19/12/2008
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).