| Project Detail |
The project consists of acquisition of new Electric Multiple Units, as well as infrastructure works on the rail network operated by GYSEV.
Additionality and Impact
The project is expected to consist of acquisition of Electric Multiple Units (EMUs) to be used for rail services in Hungary and Austria, as well as rail infrastructure works on the rail lines managed by GYSEV.
The new rolling stock and the infrastructure works will contribute to reducing the journey time, promoting more efficient operation, reducing maintenance costs, lowering energy consumption and increasing the level of comfort for passengers. The electrification works will bring reduced emissions due to discontinuing use of diesel rains on this section. Indirectly, by improving services, the project will help railways compete with other modes, particularly private vehicles and air, so as to maintain or improve its modal share. Shifting passenger flows from other modes to rail may result in reduced vehicle operation costs, safety and environmental benefits. The project is located in a less developed region.
The flexibility of the disbursement, the tailored availability period, repayment profile and the long tenor facilitate the implementation of the project.
Objectives
The new rolling stock and the infrastructure works will contribute to reducing the journey time, promoting more efficient operation, reducing maintenance costs, lowering energy consumption and increasing the level of comfort for passengers. The electrification works will bring reduced emissions due to discontinuing use of diesel trains on this section. Indirectly, by improving services, the project will help railways compete with other modes, particularly private vehicles and air, so as to maintain or improve its modal share. Shifting passenger flows from other modes to rail may result in reduced vehicle operation costs, safety and environmental benefits.
Sector(s)
Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 160 million
Total cost (Approximate amount)
EUR 320 million |
