EIB lends EUR 360 million for transport projects
Published:
3 September 2003 y., Wednesday
During his visit to Budapest today, the President of the European Investment Bank, Mr Philippe Maystadt, met the Hungarian Prime Minister Mr Peter Medgyessy and Minister of Finance Mr Csaba László to discuss Hungary's integration into the EU and future EIB operations in the country. Mr Maystadt signed two loans with Mr. László totalling EUR 360 million for transport projects.
A EUR 170 million loan will finance the rehabilitation and modernisation of railway infrastructure. Within the framework of this project, the railway stations of Rákospalota-Újpest, Székesfehérvár and Érd will be modernised and line sections totalling some 100 km of the Hungarian railway network will be upgraded in various parts of Hungary. All station rehabilitation schemes are located in Pan European Corridors IV or V whereas most of the railway lines are major national communication routes for international and local traffic.
Another EUR 190 million loan will finance the construction of three urban by-passes on major national roads connecting Hungary with Austria and around the north-eastern shore of Lake Balaton. In addition, the expansion of National Road 10 aims at alleviating traffic problems, which currently affect the northern part of the Budapest metropolitan area.
Commenting on the loans signed today EIB President Maystadt stated, “The operations signed today represent further EIB support for investment in the upgrading and rehabilitation of key national transport infrastructure, especially with a view to Hungary's future entry into the common market. Indeed, good road and rail infrastructure will help Hungary to harness the numerous new opportunities arising from EU membership”.
Šaltinis:
europa.eu.int
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
New legislation for pan-European supervision of credit rating agencies and a public debate on how financial institutions are managed.
more »
On 2 June in Vilnius, Lithuania‘s Vice-Minister of Foreign Affairs Asta Skaisgirytė Liauškienė and Deputy Director General of the World Trade Organization Rufus H. Yerxa discussed the main issues on the international trade policy agenda, Russia‘s WTO accession and the changing role of China in the world economy.
more »
2157 former construction workers in Spain and 598 ex-employees at the Irish crystal glass company Waterford Crystal with suppliers could get €11 million in EU globalisation adjustment fund aid for training, self-employment and professional orientation under plans approved by the Budgets Committee on Wednesday.
more »
Companies from the UK, Belgium, Germany and Spain have won the 2010 European Business Awards for the Environment.
more »
The planned overhaul of EU fisheries policy should devolve more powers to regions, protect small coastal fleets and boost aquaculture, said MEPs and members of national parliaments on Tuesday.
more »
The first in a series of loan agreements for energy efficiency investments in multi-apartment buildings was signed today between the European Investment Bank (EIB), as manager of the JESSICA holding fund in Lithuania, and Šiaulių bankas.
more »
Despite the current economic crisis and tensions in the euro, Estonia is set to adopt the single currency in January.
more »
Commission proposes a bank tax to cover the costs of winding down banks that go bust.
more »
The European Investment Bank will provide a total of EUR 400 million to Hellenic Petroleum SA in order to increase the production of cleaner fuels via the upgrading of the Elefsina refinery.
more »
European ministers meet on Tuesday and Wednesday in Brussels at the final Competitiveness Council to be held during the six months of the Spanish Presidency, which has an agenda laden with important issues such as the electric vehicle, the European patent system and national R+D investment goals.
more »