The 鈧184m (拢146m) loan will co-finance projects with a total cost of 鈧1.2bn (拢950m) located throughout Hungary. They are focused on the rehabilitation and reconstruction of various TEN-T railway lines.
The project is intended to help improve efficiency, comfort and safety of the railway system and will thus enhance the attractiveness of rail transport to boost demand.
L谩szl贸 Baranyay, EIB vice-president responsible for lending in Hungary, said: 鈥淓IB funds will co-finance priority projects expected to have a beneficial impact on passenger demand for both commuter and long distance rail transport. These projects will increase railway capacity, comfort and safety, thereby contributing to the attractiveness of this sustainable mode of transport.鈥
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