According to the Bank’s website, the project, which is part of the Trans-European Transport Network (TEN-T) Mediterranean Corridor, is allocated under the multi-sectoral structural programme loan (SPL) COHESION FUND FL IV (HU). It will complement other ongoing and planned EIB operations in the rail sector in Hungary.
More specifically, it concerns:
- the upgrade of 29.6km on the double-track railway in the Hungarian network (line n. 40, between Százhalombatta and Pusztaszabolcs);
- the construction of 1.3km single-track connection between Érd station on line n. 40a and Érd alsó station on line n. 30a.
The aim is to increase the quality of rail services in the country, supporting modal shift from road to rail and preventing modal shift from the existing rail to road. Being located on the TEN-T Mediterranean Corridor, as per EU Regulation 1316/2013, the project enhances sustainable transport in line with EU objectives and also contributes towards EIB's climate action.
No contact information provided at the time of disclosure.
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