Release date: 29 August 2014 Promoter Financial Intermediary : MUNICIPALITY OF BUDAPEST Sector(s) : Solid waste Industry Urban development Proposed EIB finance (Approximate amount) : EUR 200 million Description : The project concerns the financing of different investment schemes in the city of Budapest within its Integrated Urban Development Strategy, mainly in the field of solid waste, water, energy efficiency and rehabilitation of public areas and possibly also other sectors. Objectives : The improvement and upgrading of municipal infrastructure is a pre-condition for the City~s continuing economic development and a prerequisite to increase its attractiveness to investors. The project should simultaneously improve the quality of life of its citizens, upgrade the urban environment and help realise the value of existing resources such as cultural and historical attractions. Environmental aspects : Some of the schemes might fall under Annex I or Annex II of the EIA Directive 85/337/E2011/92/EC, as amended. If any scheme were to have a negative impact on an area forming part of Natura 2000 network (falling under Habitats Directive 92/43/EEC or Birds Directive 79/409/EEC) the Bank would require the promoter to act according to the provisions of the aforementioned directives as transposed into national law. Procurement : The promoter, as a public administration entity, is required to follow EU public procurement rules (2004/17/EC and 2007/18/EC) including publication of contract notices in the EU Official Journal as implemented by national law, if and where appropriate. Projects with values below the EU thresholds will be procured according to the provisions laid down in national or regional legislation.
Project completion date : 2015-12-31 12:00:00
Major organization : MUNICIPALITY OF BUDAPEST
Address : 1052 Budapest, VÁroshÁz utca 9-11
Url : http://budapest.hu/
Financier : European Investment Bank (EIB),
Financier address : European Investment Bank 98-100, boulevard Konrad Adenauer L-2950 Luxembourg Website : www.eib.org/ Tel : (+352) 43 79 1 Fax : (+352) 43 77 04