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EIB halts loan for Budapest Airport expansion over breach of EU environmental law

11 January 2022, Balkan Green Energy News

The European Investment Bank (EIB) has halted the payment of a EUR 200 million loan to expand the Budapest Airport in Hungary because the authorities haven’t analyzed how the investment could contribute to air pollution, noise pollution, and greenhouse gas emissions. According to CEE Bankwatch Network, the case represents a violation of EIB’s policy and EU environmental law.

Source: EIB halts loan for Budapest Airport expansion over breach of EU environmental law

Location: Serbia

Tags: EIB | safeguards

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