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

  • Why integrated traffic management needs a cohesive approach
    April 10, 2012
    Traffic control is increasingly being viewed as one essential element of a wider ‘system of systems’ – the smart city. Jason Barnes, Jon Masters and David Crawford report on latest ideas and efforts for making cities ‘smarter’ Virtually every element of the fabric and utilitarian operations that make urban areas tick can now be found somewhere in the mix that is the ‘smart city’ agenda. Ideas have expanded and projects pursued in different directions as the rhetoric on making cities ‘smarter’ has grown. App
    Read More
  • Smoothing the path to reducing traffic pollution
    October 22, 2014
    David Crawford reviews a new approach to traffic smoothing. A key objective for the Californian city of Bakersfield’s upgraded traffic operations centre (TOC), which opened in June 2014, is to help improve living conditions in a region with one of the worst air quality problems in the US. The TOC is speeding up the smoothing of traffic flows by delivering faster and better-informed traffic signal retiming and synchronisation.
    Read More
  • EU funding for French metro line
    November 16, 2015
    French investment firm Caisse des dépôts is to provide US$107 million of financing for the construction of line B of the Rennes metro. The European Investment Bank has already provided a loan of US$321 million for the project, which will contribute to the construction of a second metro line by 2019, linking the La Courrouze eco-district to the ViaSilva eco-suburb, along with the purchase of rolling stock, a new maintenance and sidings centre and three park-and-ride facilities. The construction of the
    Read More
  • Wireless bridges widen options for ITS upgrades
    December 9, 2014
    Antaira Technologies’ marketing engineer Brian Roth explains why the increasing capacity of wireless bridges is reducing the cost of expanding and upgrading ITS networks. With more than half of the world’s population now living in cities, the need for efficient transportation of both people and goods has never been greater and that pressure is unlikely to ease any time soon. Indeed in many regions of the world the rate of urbanisation is still increasing as the demand for rural workers continues to decline.
    Read More

Highlighted Content