The European Investment Bank (EIB) has provided a EUR 250mn loan to Hungary to support the country's railway infrastructure rehabilitation and upgrading investment programme for the period 2013-2016, the bank said in a statement. The successful implementation of this programme is expected to contribute for the improvement of the safety, capacity and performance of the existing conventional railway infrastructure with positive impacts on commuters and long-distance passengers as well as on freight traffic. The project comprises various schemes located across the whole country, particularly involving the improvement of tracks, signalling, telecommunications and bridges, as well as the modernisation of stations and passenger buildings, including increasing their accessibility for people with reduced mobility. The EIB has provided EUR 4.2bn loans to the Hungarian transport sector since 1990, which represents a quarter of total EIB lending to the country.
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