No L 116/16 Official Journal of the European Communities 30. 4. 82 (Acts whose publication is not obligatory) COUNCIL COUNCIL DECISION of 26 April 1982 applying Decision 82/169/EEC empowering the Commission to contract loans for the purpose of promoting investment within the Community (82/268/EEC) THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Decision 82/169/EEC of 15 March 1982 empowering the Commission to contract loans for the purpose of promoting investment within the Community (*), and in particular Article 2 thereof, Having regard to the proposal from the Commis- sion (%), Having regard to the opinion of the European Parli- ament (3), Whereas the purpose of the Community’s action is to implement structural investment projects that help attain Community priority objectives in the energy industry and infrastructure sectors ; Whereas the Community has set itself the objective of stimulating the recovery of economic activity and of supporting common policies by Community measures — in particular by making optimum use of the Community’s financial instruments — which aim to realise investment projects contributing to greater convergence of the economic policies of the Member () OJ No L 78, 24. 3. 1982, p. 19. () OJ No C 29, 6. 2. 1982, p. 5. (*) Opinion delivered on 23 April 1982 (not yet published in the Official Journal). States, an objective reaffirmed by the European Council in Luxembourg on 30 June 1981; Whereas particular attention should be directed to investment which contributes to the more efficient use of energy, to investment which contributes to the development of regional infrastructures and/or which is of Community interest, and to investment by small . and medium-sized undertakings ; Whereas the new Community instrument is designed to facilitate investment by providing access to the Community’s financial sources in specific high pri- ority sectors ; Whereas Community action in those areas will, in particular, serve the Community’s objectives of redu- cing unemployment and regional disparities, HAS DECIDED AS FOLLOWS : Article 1 A single tranche of borrowings is hereby authorized for an amount which shall not exceed the equivalent of 1000 million ECU in principle. Article 2 The proceeds of these borrowings shall be lent to finance investment projects which are carried out on Community territory and which help attain the priority Community’s objectives in the energy and infrastructure sectors and for the promotion of small and medium-sized undertakings.