REPORT FROM THE COMMISSION TO THE COUNCIL AND TO PARLIAMENT on the rate of utilization of European Investment Bank loans for projects of mutual interest in countries of Latin America and Asia that have concluded cooperation agreements with the Community (from 23.8.1995 to 22.2.1996)
COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 21. 05. 1996 COM(96) 215 final REPORT FROM THE COMMISSION TO THE COUNCIL AND THE EUROPEAN PARLIAMENT on the rate of utilization of European Investment Bank loans for projects in: A. central and eastern European countries: Poland, Hungary, the Czech Republic, the Slovak Republic, Romania, Bulgaria, Estonia, Latvia, Lithuania and Albania (from 1. 7. 1995 to 31. 12. 1995) B. South Africa (from 15. 6. 1995 to 31. 12. 1995) and C. Latin American and Asian countries with which the Community has concluded cooperation agreements (from 23. 8. 1995 to 22. 2. 1996) A. KKI'ORT FROM THE COMMISSION TO THK COUNCIL AND TO PARLIAMENT on the rate of utilization of European Investment Bank loans for projects in central and eastern European countries (Poland, Hungary, the Czech Republic, the Slovak Republic, Romania, Bulgaria, Latvia, Estonia, Lithuania and Albania) (from 1. 7. 1995 to 31. 12. 1995) 1. Introduction Council Decision 93/696/EC of 13 December 1993 (OJNoL321 of 23. 12. 1993) grants in full the Community guarantee to the European Investment Bank (EIB) against losses under loans for projects in central and eastern Europe for a maximum loan ceiling of ECU 3 000 million over an indicative three-year period. in respect of The loan guarantee ceiling includes the provisions adopted investments in Estonia, Latvia and Lithuania in Council Decision 93/166/EC of 15 March 1993. The Council Decision requires the Commission to draw up a six-monthly report on the situation regarding loans signed under the guarantee. The present report covers the period from 1 July to 31 December 1995. 2. EIB lending 2. 1 During the second half of 1995 the Bank signed 13 loans financed out of own resources for a total of ECU 843 million in central and eastern Europe. The list of operations signed during the second half of 1995 and the description of the projects are given in the table below. 2. 2 At 31 December 1995 the loan contracts signed by the Bank under the current mandate amounted to ECU 1 894 million. Operations signed in the period 1 July-31 December 1995 on the basis of the Council Decision of 13 December 1993 (93/696/EC) CENTRAL AND EASTERN EUROPE COUNTRY PROJECT NAME ALBANIA EAST-WEST ROAD CORRIDOR BULGARIA TRANSIT ROADS II CZECH Rep. CZECH E ROADS C'EZ I (POWER PLANT IMPROVEMENTS) - Tranche A - Tranche B HUNGARY TELECOMMUNICATIONS II - Tranche B FINANCIAL SECTOR Global Loan LITHUANIA PORT OF KLAIPEDA DATE OF SIGNATURE 08. 12. 1995 20. 07. 1995 13. 12. 1995 14. 12. 1995 14. 12. 1995 22. 11. 1995 22. 11. 1995 03. 07. 1995 POLAND FINANCIAL SECTOR Global Loan 07. 12. 1995 POLISH RAILWAYS III (PKP III) 18. 12. 1995 SLOVAKIA STATE BANK APEX Global Loan II 18. 07. 1995 ROMANIA CONSTANTA PORT REHABILITATION 18. 12. 1995 HEAT AND POWER REHABILITATION 31. 10. 1995 1 TOTAL ! u_. _„ AMOUNT SIGNED (ECUm) 24 60 60 100 100 50 150 14 100 40 50 35 60 843 DESCRIPTION Rehabilitation and improvement of some 94 km of roads along the main East-West road corridor Rehabilitation and reconstruction of some 900 km of main transit roads Improvements to the road network Installation of desulphurization equipment at six thermal power stations Expansion and modernization of the telecommunications network Financing of industry, infrastructure and tourism projects through selected financial intermediaries Construction of a small container terminal and improvements to the roll-on/roll-off terminal Financing of industry, infrastructure and tourism projects through selected financial intermediaries or direct operations Rehabilitation and upgrading of the first section of the Warsaw-Terespol TEN railway line Financing of term credit operations in industry, tourism and related services, and environmental protection and energy- saving Repair of stonn and accident damage to and completion of breakwaters Rehabilitation and modernization of heat and power production and electricity transmission and distribution facilities B. REPORT FROM THK COMMISSION TO THK COUNCIL AND TO PARLIAMENT on the rate of utilization of European Investment Bank loans for projects in South Africa (from 15. 6. 1995 to 31. 12. 1995) 1. Introduction Council Decision 95/207/EC of 1 June 1995 (OJ No L 13 1 of 15. 6. 1995) grants in full the Community guarantee to the European Investment Bank (EIB) against losses under loans for investment projects in South Africa for a maximum loan ceiling of ECU 300 million over an indicative two-year period. The Council Decision requires the Commission to draw up a six-monthly report on the situation regarding loans signed under the guarantee. The present report covers the period from 15 June to 31 December 1995. 2. EIB lending At 31 December 1995 the EIB signed loans financed out of own resources for a total of ECU 45 million in South Africa. The list of operations signed during the second half of 1995 and the description of the projects are given in the table below. Operations signed in the period 15 June-31 December 1995 on the basis of the Council Decision of 1 June 1995 (95/207/EC) SOUTH AFRICA PROJECT NAME DATE OF SIGNATURE AMOUNT SIGNED (ECUm) DESCRIPTION Development Bank of Southern Africa Infrastructure Global Loan 28. 12. 1995 30 Global loan to provide funds for financing of small and medium-scale projects primarily in the water and sanitation sectors Industrial Development Corporation Global Loan 21. 12. 1995 15 Global loan to provide funds for financing of small and medium-scale projects in the manufacturing, transport, agro-industry, tourism and mining sectors TOTAL 45 (. RKPORT FROM THK COMMISSION TO THK COUNCIL AND TO PARLIAMENT on the rate of utilization of European Investment Bank loans for projects of mutual interest in countries of Latin America and Asia that have concluded cooperation agreements with the Community (from 23. 8. 1995 to 22. 2. 1996) L Introduction Council Decision 93/115/EEC of 15 February 1993 (OJ No L 45 of 23. 2. 1993) grants in full the Community guarantee to the European Investment Bank (EIB) against losses under loans for projects of mutual interest in certain third countries with which the Community has concluded cooperation agreements The Decision sets a limit of ECU 250 million per year, for a three-year period The list of eligible countries is given in the annex. The Council Decision requires the Commission to draw up a six-monthly report on the rate of take-up of loans under the guarantee. The present report covers the period from 23. 8. 1995 to 22. 2. 1996. 2. EIB lending 2. 1 During the second half of the last year of the mandate, the EIB signed loans financed out of own resources for a total of ECU 155 million in Argentina, China and Pakistan. During the same period, the EIB Board of Directors approved a loan of ECU 38 million for a project in Colombia. The list of operations approved and/or signed during the period and the description of the projects are given in the table below. 2. 2 In all, under the mandate which expired on 22 February 1996, the EIB signed loan contracts for a total of ECU 607 million. Loan contracts for the remaining ECU 143 million will be signed shortly. They concern the following projects Country Argentina Brazil Colombia Indonesia^ Pakistan^ Project name/sector "Mercosur road" (transport) "CESAN -Spirito Santo" (water treatment) "Eldorado Airport" (transport) "CLIPAN" (leasing company) "SAI HYDRO" (energy) Total (ECU m) 45 40 38 8 12 (*) Allocated under COM(95)507 of 30. 10. 1995). the "ALA -Global authorization" of ECU 20m (see previous report, Operations signed or approved by the EIB Board of Directors between 23 August 1995 and 22 February 1996 (93/115/EEC) LATIN AMERICA AND ASIA COUNTRY PROJECT NAME ARGENTINA AGUAS ARGENTINAS Date of approval 7. 11. 1995 Date of signature 1. 12. 1995 Amount (ECU m) 70 AELINCO 25. 7. 1995 14. 12. 1995 CHINA COLOMBIA PAKISTAN TOTAL PING HU OIL AND GAS DEVELOPMENT ELDORADO AIRPORT GHAZI-BAROTHA HYDRO POWER 12. 12. 1995 18. 12. 95 12. 12. 1995 12. 12. 1995 Not yet signed 14 12. 1995 55 38 24 193 DESCRIPTION New waste-water collection and treatment facilities in the northern part of Greater Buenos Aires Construction of facilities for the treatment and disposal of hazardous waste in the Province of Buenos Aires Development of Ping Hu oil and gas field. transmission and distribution of gas Build, operate and transfer concession for the second runway at Eldorado Airport Design, engineering work and construction of hydroelectric power station on the river Indus ANNEX List of developing countries in Latin America and Asia with which the Community had concluded cooperation agreements at the time the EIB was given the mandate L LATIN AMERICA Argentina Brazil Chile Mexico Paraguay Uruguay Andean Group (Bolivia, Colombia, Ecuador, Pern, Venezuela) Central American countries (Costa Rica, Guatemala, Honduras, Nicaragua, Panama, Salvador) 2. ASIA Bangladesh China India Macao Mongolia Pakistan Sri Lanka ASEAN Group (Brunei, Indonesia, Malaysia, Philippines, Singapore, Thailand) ISSN 0254-1475 COM(96) 215 final DOCUMENTS EN 11 Catalogue number : CB-CO-96-226-EN-C ISBN 92-78-04154-8 Office for Official Publications of the European Communities L-298S Luxembourg 1