| Project Detail |
The project consists of several schemes of upgrading, modernisation and renewal of TEN-T and regional railway lines, as well as acquisition and modernisation of various rail infrastructure maintenance vehicles and equipment. Objectives The project is expected to increase the quality of rail services provided in Hungary, as well as promote travel by rail, reducing the use of road transport and the associated negative impacts on the local environment, road safety and GHG emissions and, thereby, contribute to the sustainable transport in line with EU objectives. The project is mostly located in EIB Cohesion Priority Regions and by facilitating access promotes regional development. Some schemes are aimed at increasing the capacity of the existing lines and removing bottlenecks, and thus allowing traffic growth. For some sections, where the works will allow to increase maximum speeds or prevent reduction of maximum speed, the project may also generate time savings for passengers. The project will also present environmental and safety benefits as well as vehicle operating cost savings, as better rail services are expected to prevent modal shift from rail to road. Finally, by means of contributing to achieving interoperability of the EU railway system, the project is expected to improve competitiveness of rail vis à vis other modes; and thereby, enhance sustainable transport. Sector(s) Transport - Transportation and storage Proposed EIB finance (Approximate amount) HUF 404830 million (EUR 990 million) Total cost (Approximate amount) HUF 1250000 million (EUR 3057 million) |
