EIB extends EUR 43 mln to Hungary for environment
BUDAPEST - The European Investment Bank (EIB) lends 43 million euros to Hungary to finance six environmental schemes in five cities, EIB, the European Union\'s long-term financing arm, said in a statement yesterday.
The EIB funds will be used to modernise and upgrade two wastewater projects in Gyor and Szeged, west and south Hungary, respectively, and four solid water management projects in Debrecen, Miskolc, Szeged and Szolnok, it said.
The EIB is co-financing these projects with the European Commission which is providing grant financing under its ISPA programme designed to further urgent environmental and transport projects in the EU membership candidate countries, it said.
This credit lineframework loan - the first signed by the EIB and the Hungarian government for local environmental schemes - brings to nearly 2.2 billion euros the total lent by the EIB to projects in Hungary since 1990.
REUTERS NEWS SERVICE
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