M30 MOTORWAY MISKOLC-SK BORDER (FL 20150006) (EIB-20170993)

Countries
  • Hungary
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 24, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
NEMZETI INFRASTRUKTURA FEJLESZTO ZRT
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 91.59 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 88
Converted using 2022-11-24 exchange rate.
Loan Amount (USD)
$ 91.59 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 768.10 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 738 million
Converted using 2022-11-24 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Jul 14, 2023

Disclosed by Bank Nov 15, 2022


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

DESCRIPTION

The project involves the construction of the 56.8 km M30 motorway between Miskolc and Tornyosnémeti at the border with Slovakia. It will complete the TEN-T comprehensive network as the last missing link of the corridor in the region and a key cross-border section.

ENVIRONMENT

The project is part of the Transport National Strategy and of the indicative list of major projects related to the Hungarian ITOP (Integrated Transport Operational Programme), which was subject to a Strategic Environmental Assessment (SEA) in 2012. The project falls under Annex I of the Directive 2011/92/EU as amended by Directive 2014/52/EU and was subject to environmental impact assessment (EIA), which was appropriately completed. Appropriate avoidance, mitigation and compensation measures were determined, including fauna/flora protection, noise reduction measures, landscaping and reforestation as well as water protection measures. No significant residual environmental impact is expected if all the identified mitigation measures are properly implemented.

OBJECTIVE

The project contributes to urban transport sustainability and health, as it provides a bypass function to several settlements and is thus an essential component of their strategic urban mobility plans. It also supports the strengthening of the EU's economic, social and territorial cohesion and contributes to the objectives set out in the Territorial and Settlements Development Strategy Hungary 2014 - 2020.

PROCUREMENT

The promoter is a public authority subject to public sector procurement rules. The promoter tendered works and supervision contracts in accordance with the relevant applicable EU procurement legislation, Directive 2014/24/EU, where applicable, and Directive 89/665/EEC, with publication of tender notices in the EU Official Journal. All calls were open international tenders.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contact was disclosed.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

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When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces

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