EIB funds rehabilitation of Hungary’s railway infrastructure

The European Investment Bank (EIB) is lending US$340 million to finance the implementation of Hungary’s railway infrastructure rehabilitation and upgrading investment programme for the period 2013-2016. The objective is to improve the safety, capacity and performance of the existing conventional railway infrastructure with positive impacts on commuters and long-distance travellers as well as on freight traffic. The EIB loan will help the Hungarian railways to become more competitive and attractive in co
January 8, 2014 Read time: 1 min
The 4270 European Investment Bank (EIB) is lending US$340 million to finance the implementation of Hungary’s railway infrastructure rehabilitation and upgrading investment programme for the period 2013-2016. The objective is to improve the safety, capacity and performance of the existing conventional railway infrastructure with positive impacts on commuters and long-distance travellers as well as on freight traffic.
 
The EIB loan will help the Hungarian railways to become more competitive and attractive in comparison will less environmentally friendly modes of transport such as by road. 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.

For more information on companies in this article

Related Content

  • Imtech to provide technology for Antwerp’s new tram project
    December 20, 2012
    Technology supplier Royal Imtech (Imtech) has announced an agreement with the Flemish transport authority De Lijn for improvement of Antwerp’s sustainable public infrastructure. The Livan 1 Antwerp design, build, finance and maintain (DBFM) tram project will be implemented by a consortium called NV Livan Infrastructure comprising Lijninvest as a public shareholder and Poseidon Infrastructure (Imtech, Denys and Macquarie Capital Group) as a private partner. The total investment is around US$132 million. M
    Read More
  • European Commission approves funding for transport infrastructure
    June 28, 2016
    The European Union has unveiled a list of 195 transport projects that will receive US$7.4 billion (€6.7 billion) of funding under the Connecting Europe Facility (CEF). This investment is expected to unlock additional public and private co-financing for a combined amount of US$11 billion (€9.6 billion). The selected projects are primarily located on the core trans-European transport network (TEN-T). Among the beneficiaries are flagship initiatives such as the rehabilitation of the Brasov Sighisoara rail s
    Read More
  • Smoothing out city freight movements
    May 28, 2014
    David Crawford welcomes a national first. Urban freight movements, while commercially and socially vital, are a growing logistical headache for planners and people alike. Figures from France’s Lyon Laboratory of Transport Economics indicate that goods transport in major urban areas accounts for: 20% of traffic; 35% of CO2 emissions made by all urban trips; and 50% of the diesel used; while final km delivery runs account for 20% of the total cost of the transport chain.
    Read More
  • Dynamic charging boosts electric vehicles’ potential
    December 16, 2014
    With an increasing need to use electric vehicles in city centres to reduce pollution, David Crawford looks at various solutions to power delivery. The UN’s September 2014 Climate Summit has added fresh momentum to the drive to increase urban electric vehicle (EV) takeup. It has launched the Urban Electric Mobility Initiative, which wants to see EVs accounting for 30% of all urban travel by 2030, and make cities worldwide more friendly to their use. Encouragingly, the plan is being well supported by commerci
    Read More

Highlighted Content