Budapest Airport



Project number:


Business sector:


Notice type:


Environmental category:




PSD disclosed:

07 Nov 2014

Project Description

The EBRD is considering providing its support to the financing restructuring of Budapest Airport concession, Hungary’s main airport.

The Bank’s financing would contribute towards the strengthening of the balance sheet structure of the company as part of a wider refinancing package, with a view to ensuring the airport’s financial sustainability in the medium to longer term.

EBRD financing will be also combined with measures focused on enhancing the airport’s energy efficiency standards.

Transition Impact

The transition impact of this project is anticipated from the:

(1) regional demonstration effect of promoting the sustainability of PPP structures. Successful balance sheet restructuring of Budapest airport will improve the sustainability of the concession arrangements in the medium to longer term, permitting further private concessions and efficient operations by commercial parties. The contribution to the restructuring is expected to maintain confidence in the operation and keep a key infrastructure run by the private sector, showing a regional example.

(2) demonstration effect associated with the airport’s energy efficiency operational standards enhancement.

The Client

Budapest Liszt Ferenc Airport, Hungary’s largest international airport.

EBRD Finance

Loan of up to EUR 65m, in parallel with the participation of commercial lenders.

Project Cost

EUR 1.3 billion

Environmental Impact

Categorised B. The Project does not involve any CapEx investments which could result in any significant environmental and social impacts.  Impacts associated with the day to day operation of the Airport are expected to be readily identified and addressed through standard mitigation measures.  Environmental and Social Due Diligence (ESDD) is currently in progress and is considering past and present Company performance against relevant Hungarian and EU standards and requirements as well as the EBRD Performance Requirements (PRs).  The ESDD is also reviewing the Company’s capacity to meet the PRs.  Specific issues subject to the ESDD include noise and emissions to air, fuel storage, water use and wastewater, waste management, labour and working conditions, occupational health and safety, stakeholder engagement and potential community impacts.  Operational safety at the airport including during aircraft take-off and landing, ground operations as well emergency preparedness and response is also being considered.  An Environmental and Social Action Plan will be developed to bring operations and the Company in line with the PRs. The PSD will be updated once the ESDD is complete.

Technical Cooperation


Company Contact

Budapest Airport
BUD Nemzetközi Repülőtér
1675 Budapest Pf. 53.
Tel.: +36 (1) 296-9696


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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