MAV - Railcar Modernisation and Marketing Project

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 1654

Status Complete

Location

Hungary

Industry Sector

Transport

Notice Type

State

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 1654

Status Complete

Location

Hungary

Industry Sector

Transport

Notice Type

State

Environmental Category

Approval Date

02 Dec 1997

Disclosure date

20 Nov 1996

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

To provide long-term finance for rehabilitation of freight and passenger rolling stock and for investments in revenue collection systems.

Project objectives:

To improve services and financial performance of railway services in Hungary by: (a) improving vehicle standards for customers; (b) reducing vehicle operating and revenue collection costs; and (c) improving market information for train service planning and marketing.

Transition Impact

Better-quality domestic and international freight and passenger rail services provided at reduced operating cost levels will contribute to Hungarian international trade, better national transport services, reduced budgetary support and higher safety levels.

The Client

The borrower will be MÁV Rt., the Hungarian State Railway Company. A sovereign guarantee will be sought from the Hungarian Government.

EBRD Finance

EBRD loan of ECU 40 million equivalent (currency to be agreed). The project is part of an ECU 220 million asset modernisation and management programme to be co-financed by the European Investment Bank, with possible contributions from EU-Phare, MÁV and the Government of Hungary.

Project Cost

ECU 50 million equivalent (of which ECU 40 million are foreign costs to be financed by the EBRD; ECU 10 million are local costs to be financed by the Government of Hungary/MÁV) in currencies to be agreed.

Environmental Impact

This operation involves the rehabilitation of open freight wagons and suburban passenger coaches which are owned and operated by MAV, the Hungarian national railway company. The project would also involve the introduction of a computerised freight accounting system and an automatic ticketing system.

There are no significant environmental issues associated with this project. Safety in rail cargo transport would increase through the provision of railcars built to international technical and safety standards. The project was screened B/0, requiring an environmental analysis. That analysis, in the form of a technical annex to the Hungarian Railways Investment Study (August 1996), was carried out by the project sponsor and dealt primarily with the environmental issues associated with the improvements to be made to modernising rail infrastructure in the country, a component of the loan which is being financed by the European Investment Bank (EIB).

The railcars financed under the project will follow international standards, which include requirements for wagon construction and use, securing loads, door and window closures, cleaning and disinfecting, labelling and notification. The status of certification with international standards will be confirmed to the Bank in routine monitoring reports.

Technical Cooperation

The project may require services in technical specifications, procurement and contract management.

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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