Budapest Intermodal Logistics Centre - Basic Infrastructure

Location:

Hungary

Project number:

7486

Business sector:

Transport

Notice type:

Public

Environmental category:

B

Approval date:

14 Dec 1999

Status:

Completed

PSD disclosed:

28 Sep 1999

Project Description

Construction of a railway line connection and marshalling yard to service a new private logistics centre in Budapest. The project aims to supply a future private intermodal terminal and logistics centre with basic infrastructure. The EBRD’s loan proceeds will be used to finance a marshalling yard.

Transition Impact

The project will permit the replacement of the existing congested and MÁV-run intermodal transport terminal by a modern, purpose-built and privately controlled terminal and logistics centre, which will be capable of handling growing transport demand with western Europe.

The Client

The borrower will be the Republic of Hungary. The project will be implemented by the Hungarian Railways, MÁV.

EBRD Finance

EBRD loan of EUR 10 million. Co-financing of EUR 5 million by EU-Phare and EUR 9.5 million by Hungary.

Project Cost

EUR 24.5 million.

Environmental Impact

The project was categorised as B/0. The environmental analysis, prepared by an independent environmental consultancy firm, confirmed that there are no significant environmental issues associated with the project. As a result of this study, the municipal authorities agreed to restrict the construction of new housing development both in the vicinity of BILC and the access corridor. This has also been reflected in the local authority's development plan. Mitigation measures include the retention of a small wooded area bordering the site as well as the planting of shrubs and other vegetation on the site.

MÁV adjusted the project plans to address the issues raised in the environmental analysis including construction of additional noise barriers, storm water drainage and a provisional access road from Ocsai Street until a permanent access road from the M0 motorway is decided upon. The project is in compliance with Hungarian and European Union environmental, health and safety standards. Environmental covenants will be incorporated into the loan agreement to monitor this compliance on an ongoing basis. The project will make a positive contribution to the reduction of vehicular traffic in Budapest and the surrounding area, with a corresponding reduction in air emissions and noise. MÁV is in the process of implementing an environmental remediation programme, developed in 1995 after the completion of a three-year environmental audit comprising approximately 400 sites at 80 locations. MÁV is spending annually around US$ 5 million on the implementation of this programme.

Technical Cooperation

None.

 

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

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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