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COM (84) 0 30 
 
 
 
Vol. 1984/0 009 
  
 
Disclaimer  
Conformém ent au règlement (CEE, Euratom) n° 354/83 du Conseil du 1er février 1983 
concernant l'ouverture au public des archives historiques de la Communauté économique 
européenne et de la Communauté européenne de l'énergie atomique (JO L 43 du 15.2.1983, 
p. 1), tel que modifié par le règlement (CE, Euratom) n° 1700/2003 du 22 septembre 2003 
(JO L 243 du 27.9.2003, p. 1), ce dossier est ouvert au public. Le cas échéant, les documents 
classifiés présents dans ce dossier ont été déclassifiés conformément à l'article 5 dudit 
règlem ent. 
In accordance with Council Regulation (EEC, Euratom) No 354/83 of 1 February 1983 
concerning the openi ng to the public of the historical archives of the European Econom ic 
Community and the European Atomic Energy Communit y (OJ L 43, 15.2.1983, p. 1), as 
amended by Regulation (EC, Euratom) No 1700/2003 of 22 September 2003 (OJ L 243, 
27.9.2003, p. 1), this f ile is open to the public. Where necessary, classified documents in this 
file have been declassified in conformity with Article 5 of the aforementioned regulation.  
In Übereinstimmung mit der Verordnung (EWG, Euratom) Nr. 354/83 des Rates vom  1. 
Februar 198 3 über die Freigabe der historischen Archive der Europäischen  
Wirtschaftsgemeinschaft und der Europäischen Atomgem einschaft (ABI. L 43 vom  15.2.1983,  
S. 1), geändert durch die Verordnung (EG, Euratom) Nr. 1700/2003 vom 22. Septem ber 2003  
(ABI. L 243 vom 27 .9.2003, S. 1), ist diese Datei der Öffentlichkeit zugänglich. Soweit  
erforderlich, wurden die Verschlusssachen in dieser Datei in Übereinstimmung mit Artikel 5  
der genannten Verordnung freigegeben.  
COMMISSION OF THE EUROPEAN COMMUNITIES
COM(84) 30 final
Brussels, 25th January 1984
SIX-MONTHLY REPORT FROM THE COMMISSION TO THE COUNCIL 
AND TO PARLIAMENT ON OPERATIONS UNDER THE NEW 
COMMUNITY INSTRUMENT FOR 
BORROWING AND LENDING (NCI)
C O M (8 4 ) 3 0  final

-  1 -
I. INTRODUCTION
··:·· '«*■-
1. This report has been drawn up by the Commission in accordance with
A rtic le  6 of the Decision of 19 A p ril 1983 empowering the Commission
(1)
to contract loans under the new Community instrument (NCI)/ which 
stip u la te s that the Commission "s h a ll inform the Council and the 
European Parliament every six months of the rate of u tiliz a tio n  of 
the tranches".
O n  13 june 1983, the Council authorized an i n i t i a l  tranche of borrow­
ings fo r an amount that was not to exceed the equivalent of 1  500 
m illio n  E C U  in p r i n c i p a l . ^
This report therefore reviews the s itu a tio n  as at 24 January 1984 with 
regard to the rate of u tiliz a tio n  of that tranche/ both on the borrowing 
and on the lending side. But f i r s t ,  i t  describes b r ie fly  how the 
resources previously authorized have been committed: NCI I ,  , NCI II
and the "reconstru ction" NCI to assist the earthquake-stricken areas 
in I t a l y ^  and G reecei^
e a t . o
(1) Decision 83/200/EEC empowering the Commission to contract loans 
under the new Community instrument fo r the purpose of promoting 
investment w ith in the Community (NCI I I I ) ;  0J N o L 112 of 
28 A p ril 1983, p. 26.
(2) Decision 83/308/EEC; O JN oL164 of23June 1983, p. 31.
(3) Decision 78/870/EEC; 0JN oL298 of25October 1978, p. 9.
(4) Decision 82/169/EEC; O JN oL78of24March 1982, p . 19.
(5) Decision 81/19/EEC; O JN oL37of10February 1981 , p. 21.
(6) Decision 81/1013/EEC; O JN oL367 of23December 1981 , p. 27=

- 2 -
I I .  UTILIZATION O F  NCI I ,  NCI I I  A N D  TH E  "RECONSTRUCTION" NCI
2. The follow ing amounts have not yet been u tiliz e d  (see annexed Tables
1, 2 and 3):
m illio n  E C U
Reconstruction NCI
NCI I NCI I IIta ly Greece
Cei ling 
Loans signed1  000 
979.41  000 
918.91  000 
792<1580
80
Balance 20.6 81.1 208 0
(1) Loans made from EIB own resources (209.3 m illio n  EC U ) and 
from NCI resources (582.7 m illio n  ECU).
I t  w ill be seen that 98%  of NCI I and 9 2%  of NCI I I  have been committed, 
the balance in each case representing loans approved but not yet signed.
Loans fo r the reconstruction of the disaster areas in Ita ly  and Greece 
may be made from NCI or EIB resources. The balance for Ita ly  stands at 
208 m illio n  ECU . The projects so fa r submitted and declared e lig ib le  
by the Commission cover th is  balance, which is therefore lik e ly  to be 
used up during 1984.
I l l ,  NCI I I I
3. In adopting the f i r s t  tranche under NCI I I I ,  the Council reaffirm ed the 
guidelines la id  down fo r NCI I I ,  notably the opening up to investment 
projects by small and medium-sized enterprises (SMEs).

- 3 -
I t  was also agreed that in certain cases the financing of investment 
projects fo r enterprises other than those of small or medium si?e 
could be envisaged, and the importance of the dissemination of inno­
vation and new technology was stressed»
The fie ld  of app lica tion of the new tranche was specified by the 
Commission in the guidelines i t  sent to the European Investment Bank 
in d ica tin g  how i t  would lik e  to implement the broad p o licy la id down 
by the Council. The Commission:
( i)  confirmed and reinforced the p r io r it y  accorded to investments 
by SMEs;
( i i )  made i t  clear that finance fo r S M E s should be channelied to 
industry and to services d ire c tly  linked to production;
( i i i )  specified that projects carried out by businesses other than 
S M E s would be e lig ib le  only i f  they perm itted the application 
of advanced technologies and were cooperative e ffo rts  of busi· 
nesses from d iffe re n t Member States;
Civ) recalled th a t, in the energy sector, special a tte ntion had to 
be paid to projects promoting the e ffic ie n t use of energy;
(v) indicated th a t, in the in fra s tru c tu re  sector; projects linked 
to the expansion of productive a c tiv itie s  had to be treated 
as a  f i r s t  p r io r ity .

-  4 -
4. As at 24 January 1984, Loan applications declared e lig ib le  by the 
Commission amounted to over 1  000 m illio n  E C U  arid loans that had 
been signed to ta lle d  466,8 m illio n  E C U  (see annexed Table 4).
I t  is f a ir  to say, therefo re, that projects had been submitted and 
appraised and appropriations committed at a  rapid pace, since the 
1  000 m illio n  E C U  of loans declared e lig ib le  under NCI I I I  represent 
tw o-thirds of the tranche.
Given the volume of loans so fa r signed, i t  is too early to t e ll what 
the fin a l breakdown of the tranche w ill be, although those loans do 
give some in d ic a tio n  of the trend in each sector and for each country.
5. The breakdown by sector of loans signed is as follow s:
%
Loans signed
(466,8 m i llio n  E C U )
Productive sectors 76,6
Energy 8,6
In fra s tru c tu re 14,8
TOTAL 100
The projects now being appraised suggest that the next few months will 
see a contraction in the share of lending to the productive sectors 
and the signing of a  number of projects in the energy sector. However, 
demand fo r loans in the energy sector seems less buoyant than had been 
hoped, p a rtic u la rly  fo r investment projects to improve energy e ffic ie n c y .

- 5 -
Projects financed in the productive sectors represent investments by  
SMEs. This reflects the Commission's desire, expressed on numerous  
occasions and endorsed by the Council and by Parliament, to treat  
financing for SMEs as a first priority.
The more rapid take-up of global loans for SMEs, as compared with the  
loans intended for the other sectors, can be explained both by the  
interest generated by this lending method and by the technically  
straightforward nature of this type of loan, given the division of  
responsibilities between the EIB and the financial intermediaries in­
volved. It should also be remembered here that disbursements under  
the global-loan mechanism are staggered over time to match the financing  
requirements of individual loans.
On the other hand, no large firm in the productive sector has so far  
applied for the financing of any project that satisfies the criteria  
laid down in the guidelines.
%
CountryLoans signed  
(466,8 mi llion ECU)
Greece
Italy
United KingdomDenmark
IrelandFrance11,2
10,8
14,8
4.0 
53,2
6.0
TOTAL 100

-  6 -
The geographical diversification of NCI lending,, which started with :
.  NCI II, has been maintained. The number of countries benefitting has  
now risen to six and the share accounted for by some of them - France  
and Greece - has expanded significantly.
The rapid take-up of global loans to assist SMEs, referred to above,  
also explains why there has been something of a concentration of  
financing on projects in Italy, where the financial intermediaries are  
already well acquainted with this kind of financing arrangement and  
where the national procedures for obtaining Community global loans  
have been adapted accordingly. The applications now being appraised  
point to a contraction in Italy's share as and when future loans come
up for signing.
There has also been a sharp increase in global loans for SMEs in France  
in response to increased demand from and greater interest on the part  
of businesses there.
7. With regard to borrowings, Table 5 shows that issues totalling 3 013  
million ECU have been floated under the NCI since its inception, while  
Loans amounting to 3 027,8 million ECU have been signed. The difference  
is attributable in particular to the different dates and conversion rates  
as between loans signed and issues floated.
A breakdown by borrowing currency is compiled each year and given in
the Commission's Report to the Council and to Parliament on the borrow-
... ,  L  „  ..C1)ing and Lending activities of the Community.
(1) 1982 Report: C0M(83)537 final or European Economy No 17,
September 1983.

- 7 -
IV. .  COORDINATING BORROWING AND LENDING OPERATIONS
8. On the borrowing side, there is extremely close coordination of operations
(1as between Community issuers, as previously made clear by the Commission.  
This coordination is achieved notably through the weekly synchronisation  
of timetables. The fact that Community issues are consistently well  
received bears eloquent witness to this.
On the lending side, measures to ensure close coordination of operations  
under the different instruments have been in force for a long time.
There have, however, been some new developments.
First, the recent success of NCI loans for SMEs has given the NCI some­
thing of a specific bias and also greater autonomy, since there are  
fewer cases of project co-financing by the EIB and the NCI. The  
Commission has reaffirmed and accentuated this trend by indicating to  
the EIB how it would like to implement the broad policy laid down by  
the Council for the first NCI III tranche. As a result, operations  
under the NCI and therefore also under the other instruments have be­
come more transparent.
Second, in response to the request from the Stuttgart European Council  
on 1 7 -1 9 jUne 1983 that it make "full use of Community financial instru­
ments in a coordinated manner to sustain and consolidate the economic  
recovery", the Commission carried out a deep examination of the various  
structural Funds, the findings of which were set out in a communication  
to the Council and to Parliament,^ and undertook at the same time to  
reinforce systematically the internal coordination procedures with a  
view to harmonizing still further the practical operating methods of  
the lending instruments.
(1) Report on the borrowing and lending activities of the Community  
in 1982, referred to above.
(2) C0M(83)501.

NCI AND “EARTHQUAKE" OPERATIONS
Situation as at 24 January 1984
Tables

T A B L :  1
E K /am cNCI I LOANS tt*eiirion 78/87D/EEC)*
C e ilin g  5  T-Q O O foiU idn-E C U  
(S ituation as at 24 January 1984)
S U B
SIDY
• ) I n f r a s t r u c t u r e ’
1 . Aqueduc c s  P a r t u s i i l o  I ! :  (CASSA) 1 7 .0 9 .7 S LIT 45 000 3 9 ,6i
l
2 . L o th ian  b ister • lu a a in la g a e b n t ♦  r i s a r v o i r 1 7 .0 9 .7 9 URL 1 6 .3 2 5 .9
?• D ublin H ater -  a d d u c tio n  d 'a e u  a t  a a o a ln ie e c e s R t 1 7 .0 3 .7 9 IRL 1 6 ,5 P’i ^ l
4 . I r i s h  Tel upftor-aa -  s o d s r .'iia e tlo n  e t  e x te n s io n 1 7 .0 9 .7 9 IRL 1 2 ,- 2 7 ,9
5 . I r i s h  Roads I I I  -  e u d l l u r e t l o n  H teoau r o u t i a r 1 7 .0 9 .7 9 IRL 1 3 .- 19,4 |
6 . Sen* i n d u s t r i a l ’* 5 /r a c u c e  IV {C/.S8A) 1 0 .0 7 .6 0 LIT 15 000 1 2 ,5 J
7 . SIR P o u illa e  IV -  fiqulpe&isnt td ld p h o n iq u e 1 9 .0 9 .0 0 L I? 15.000 1 2 .5 1 2 ,5j
0 . A uto ro u te du F n o u l I I 1 1 .1 2 .3 0 U T 4 5 .0 0 0 3 7 ,3 }
9 . I r i s h  Telphcno* v i l  a -  a o d a r o ls a tio n  a t  e x te n s io n 2 8 .1 0 .6 0 IRL 1 8 ,4 2 7 ,3 2 7 ,3 l
10. I r i e h  T elephone* V II ft I S . 0 7 .0 1 IRL 5 ,6 8 .1 6 .1 i
i l .  A u to ro u ta P e itte re -B o rd e e u K  A 2 0 .0 5 .8 1 IT 78,1 I
12. SIP C aepanle X V  -  d q u ip o a a n t U U p h o r iq u e 0 4 .0 6 .3 1 LIT 20 000 1 5 ,0 1 5 ,8 l
13. A irao  I n d u e tr io ile e  -  B asao g io rn o  I I  * I I I 3 0 .0 9 .8 1 LIT 15 000 11,9 I
1 4 . K W C  KICL08R -  e d d u c tlo o  d 'o a u  K o rth u a b ris 3 0 .1 1 .0 1 URL 20 3 3 ,9 I
IS . A u to ro u ta  P o ltie r a  -  B ordeaux 8 1 4 .1 2 .6 1 rr 168 |
10. SIR S a rd a tg p e  IV -  rd a a a u  tiltp h o n lq u e 1 4 .1 2 .8 1 LIT 50 JOO 3 9 ,8 |
17. M idland# K o rth -E en t H a te r -  A d d u ctio n  d 'a a u  « t 1 0 .0 6 .8 2 IRL 7 ,7 7 ,7 I
•••alr.iftftfta e n t |
16. R are Motorway B rid g e t 1 4 .1 2 .8 2 DKR 40C 4 8 ,6 4 9 ,6 i
1 9 . L ogaoanU  FIAT/XTALSTAT 1 0 .0 5 .8 3 LIT 3 360 2 .5 2 ,9 ]
2 0 . L ogaaenta PIAT/ITALSTAT -  BNL 3 0 .0 6 .8 3 LIT 6 .0 0 7 X 4 . 8 i
2 1 . L ogaaanta FIAT/ITALSTAT -  CARIPLO 3 0 .0 6 .8 3 LIT 6 .941 5 ,2 X 5 ,2 5 ,2 i
2 2 . Logaaenta RIAT/ITALSTAT -  SA M  PAOLO DI TORINO 3 0 .0 6 .8 3 LIT 2 .4 0 3 X 1 .8 1 .6 i
23. L ogaaenta FIAT/ITALSTAT -  CARIPLO 1 1 ,0 7 .8 3 LIT 32.1 4 0 2 3 ,9 2 3 ,9 2 3 ,9 i
2 4 . lo g a a e n ta  FIAT/ITA19TAT -  SAN PAOLO 1 1 .0 7 .8 3 LIT 29.0 4 7 2 1 ,6 X 2 1 ,6 2 1 .6 i
2 5 . L ijs o e n t; I S P lM ll
T o t a l  C o ) -  i n  w u l i o n  t c u  
-  a s  X1 1 .1 0 .8 3
—L I’ 55 0U0 <•0,3
5 2 3 ,1
5 3 ,4X
4 0 ,3
* ,14 0 ,3
2 6 9 ,3
2 7 ,65 9 ,8
% 110S,1
1 0 ,74 8 ,6
* ,94 0 .3
523,1
5 3 .4i
i
----------- f
i
i
0) I
n a ra *I
i1. C e n tra l*  h y d ro A le c triq u e  D tn o rv lc  (CSOI) 1 7 .0 9 .7 9 UKl 5 0 ,- 7 9 ,4 7 9 ,4 i
2 . C en tra l a  th e r u lq u a  Aghado (ES6) 1 7 .0 0 .7 * IRL 1 6 ,9 2 4 ,7 X 2 4 ,7 i
3 . C a i t r a l a  h y d r o d le c tr lg u e  A lts  O aaoo (8MEL) 1 4 .1 2 .7 9 LIT dO, 0 00 9 4 ,9 X 3 4 ,9 I
4 . C e n tra la a  g fe tfc a m ttfu a a  (EX8L) 1 4 .1 2 .7 9 LIT 12 000 1 0 ,9 X 1 0 .5 !
S . BOBO H A  m m  I k -  F re d , da t o u r t e 1 0 .0 4 .8 0 IRL 5 .7 5 ,5 X 5 ,5 I
0 .  P0W5 H A  S M  Z • 1 9 .1 0 .8 1 IRL 6 ,3 0 .2 X 9 .2
7 .  lo e o  H A  m m  n  -  B r t q u a t t a r l a  da tc u r b a 2 8 .0 4 .0 0 IRL6, - 8 .9 X 9 ,9
•  . S ja tto a  da c o n tr f ila  da l a  p ro d u c tio n  d 'fa v a rg ie 2 B .0 4 .6 0 LIT 2 0 .0 0 0 1 7 ,1 X 1 7 ,1
U e e tH g u a  ( n t u ►
9 .  0 m b6m l l g d r l  e - I t a l l a  S e c t .C i c l l a  a t  C al a t  r e  (EMI) 1 0 .0 7 .6 0 LIT so ooq 4 1 ,7 X 4 1 ,7
1 0 . A O  IF  K y d i o e a r b w  -  g la e a a n ta  de g a a  n a t u r a l 1 9 .0 9 .0 0 LIT 2 0 ooq 1 0 ,7 X 1 6 ,7
1 1 . i r r  A eneas I I I  -  d ia u f f a e *  a u  e h a rb c n  d 't n a  m i t t 1 1 .1 2 .0 0 nut 7 0 , - 8 .9 5 ,3
da c e n tr a  la  t l o c t r i g u o
12. C a n tra le  tb e r a i * i e  a t  d l e c t r i q u e  -  H andera 1 1 .1 2 .0 0 OCR 7 2 .- 9 ,2 9 .2
U .  EKtL S00L0 -  C e n tra l*  h y fro A la c trlq u * 2 9 .0 1 .0 1 LIT 40 OOO 3 2 ,9 X 3 2 ,9
1 4 . f l / g e i p A a  A lg ir la  -  I t a l i a  IV 0 3 .0 6 .0 1 LIT 10 OOO 7 ,9 X 7 .9
1 5 . ittL /C o a v e r e ia e  au c h e r t d e  deux c a n tr a la a 0 4 .0 8 .8 1 LIT IS  OOO 1 1 ,6 X 1 1 ,6
tM araodlacto-lquas -  M aaaoglom o .
1 6 . t r e a c l e  c h a u ffa g a  u rb e ln 3 0 .0 9 .8 1 LIT 15 000 1 1 .9 1 1 ,9
1 7 . A O  IF Stoefcage -  C o n v ersio n  do 2 g ia e e e n ta  da g as 0 7 .1 0 .0 1 LIT S 000 4 .0 4 ,o
n a tu r a l -  nord
I t .  SH A M  Qaaoduoa a a p ta n trlo n a u x 0 7 .1 0 .0 1 LIT 20 OOO 1 9 .9 X 1 9 .9
10. FIAT -  Ic e n o a ie  d 'd n a r g le  dene W i t t e  da p ro d u c tio n 3 1 .0 3 .0 2 LIT 7 000 6 ,4 5 ,4
2 0 . IBB F e a t 3 ta t t o n  -  a x te n a lo n  da c a n t r a l a a 2 2 .0 7 .6 2 IRL 10 2 3 .3 X 3 3 ,3 I
A le c trlq u e e  A  S h e m o n b rld g e  a t  L aneebareugh I
2 1 . ISB M cncypalnt 1 A ? 6 .0 S .a 3 IRL 1 6 .S 2 6 .1 X 2 0 .1 i
2 2 . CCF QAJUUJdlt -  a ln e  l i g n i t e  •  gro u p #  d la c tr o g ln a 2 0 .0 6 .8 3 IT 200 2 9 ,7 2 9 .7 i
d a re  c a i t r s l e  a i n i l r e 2 0 ,7 i
2 5 . (SB H onarpotni IB 1 8 .1 0 .9 3 IRL 15 i
TOTAL (b ) -  in  B i l l i o n  ECU—
4 S 6 ,3 2 9 .7 2 1 0 ,7 7 9 ,4 115,4 16,1 _4 56,3I
-  i
-  as X4 6 ,6 ' , 1 . 2 1 , 6 8 ,11 1 ,91 ,9 -.  i
I
TOTAL I -  in  m illio n  ECU9 7 9 ,4 7 0 ,0 4 8 0 ,0 139 ,2 2 2 3 ,5 0 8 .7 5 2 3 ,1 4 5 6 ,3I
-  i
-  as X
1___________________________________________________________________ ____1 0 0 7 ,2 4 9 ,2 14,222,66,8 5 3 ,4 4 6 ,6 -  i
t
It.FINANCING A PPL IC A T IO N S' C E L L A R E D  
R.I61QLE B Y  T H E T  C t O H W T S S nJIT ‘ '22,7
1002,1
(•) OJ N ° L  of ?5 October 1978.
(*#) Conversion rates are those*obtaining on the le st working day of preceding q u arter. 
* * * * *  For meaning of abbreviations, see annex.I. L O A N S  S IG N E DProject deecriptlon C ontracfein n a tto n a i
d a te currencyLoans
E C % i  l= M S i.
i w r kfip««Ldown bv ersuntrv 1n m i s . r-TU
7 | i  ! ISL j  m \  or.BnaahdoWn b v ' s e c to r
■ t r u e *
t a r e[EnergySKEeSclu-
TOTAL I + II

T h ■ L ■ *
I  C I  n LOlIl (••(lsion 82/16 9/110 1 * )
n n i T T  » -^000 *111 loo BCD 
(Situation u  at 24 January 1984)
Project descriptionContract
dateLoans
in nat. cur. la ECO *• 
nlllian millionint.
sub­
sidyBreakdown by country,  
P I OKin million ECO  
IKL DK GRBreakdown by sector
Infra- Energy SMBs leas  
structore energy
I. LOANS 8IGH8D
a) Infrastructure (uclndlaq global loans)
1. Irish Telephones Till 1910.02 IKL 26^37,6 I 37,6
2. SIP Pool Ilea T - rSeean tSlSphoniqne 19.11.S2 LIT50000 37,8E 37,0
1. SIP Sicile T - rCseaa tilifiuaiqM  
4. 0(1 tflSpbones rlqloMiix II10
0612.S2
12.82LIT
DEB50
3000
00037,0
44,9S 37,8
44,9
5. OOLFE DC NAPLES n/CASSA - aaealnlas— nt 1312.02 LIT75000 56,7X 56,7
6. WTOWOUTE DO FRIOUL III
7. IRI9I INDUSTRIAL FACTORIES IT - 8PADCO
a. iRisc imuaiRiAL factories  it - ou  c03.02.S3
24.02.03
24.02.03LIT
IK.
IKL40000
0,7
1,930,2 
2,7 **
X30,2
1,0
2,7
248,7 - 162,5 - 41,3 - 44,9 248,7 - -
b) Energy
1. Gazoduc Cork Dublin 1910.82XRL 10 14,5X 14,5
2. ITALGAS Plenonte/LIGURIE - rSseau de gar natural 1312.82LIT20000 15,1X 15,1
3. CENENTI PIAVE/Econonies d'Snergle 1312.82LIT9000 6,8 6,8
47,44. GAZOOI1C DONG Section II 1612.82DKR 390 *7.4
5. MEMOCREDITO CENTRAL* Tit (prit qlobal) - 1511.82 LIT25noo 18,9 18,9
6. SNAM SICILE Hitbanlsation 0102.83LIT20000 15,1X 15,1
7. AGIP Stockage III - gat natural 0102.83LIT30000 22,6X 22,6
32,08. CFCB - CROSS CHANNEL LINK - interconnexion dee 1404.83’UKL 20 32,0
rteeaux tlectriquee par cftbles sous-marlns
11,09. PPC/CENTRALS AKYNTEON A 2505.83DRA 850 11,0
10. PPC/MINES AMYNTEON A 2505.83DRA 050 24,0
43,311. Gatoduc Dong Section III 0906.83DKR 345 43,3
12. Prit global FSGT - Econoale d'Snerqia 1910.83 r v 250 36,4 36,4
13. EDF INTERCONNEXION FRANCE - R-U 2010.03FF 100 14,6 14,6
301,7 i 51,0 78,5 32,0 14,5 90,7 35,0 -301,7 *
c) SMEs - Global loans (excluding energy)
1. CEPME NIC - PNE A 1511.82FF 250 37,6 37,6
2. CEPME NIC-PME B
3. BKL MEDIOCRS01TO •NIC-PME"
4. CENTROBANCA "NIC-PME"
5. IMI "NIC-PME"
6. KEDIOCREOITO CENTRTALE NIC - PME
7. ICEC/NIC-PME A
fi. EEIBANCA "NIC-PME"
9. BML/SACAT Centre-Nord "NIC-PME"
10. MIDLAND BANK "NIC-PME"
11. NATIONAL WESTMINSTER RANK "NIC-PME"
12. rNTERBANCA "NIC-PME*
13. FIH "NIC-PME" - A
14. FIH "NIC-PME" - B16
15
15
15
IS
27
1
1
14
29
03
13
0511.83 
11.82 
11.82 
11.82 
11.82
01.83
03.83
03.83
03.83
03.83
05.83
06.83
10.83FF
LIT
LIT
LIT
LIT
UKL
LIT
LIT
UKL
UKL
LIT
DKR
-DKR25
50
00
100
15
20
20250
000
000
000
000
10
000
000
5
5
000
25
5036.4 
18,9 
37,8
60.4
75.5 
16,7 
11,3 
15,1
6.3
8.3 
15,0
3,1
6,736,4
1 8 ,9
37,8
60.4
75.5
11,3 
15,1
15,016,7
8 .3
8 .3
17,43,1 
6,7
1 5 .  IC P C  "NIC-PME" - B I S10.83UKL 10 17,4
368,5 74,0 234,0 50,7 -9 , 8 - - "368 5
TOTAL I 918,9 j 125,0 475,0 82,7 55,8 100,5 79,9 248,7 301,7 3685
II. FINANCING APPLICATIONS DECLARED ELIGIBLE BY 130,0
TNI CCPMISSION (•••)
TOTAL I ♦ II 1.048,9 |
(•) OJ N* l 78 of 24 March 1984
(*«) Conversion ratal ara thosa obtaining on tha lait working day of tha preceding quari *r 
(•••) Estimates

T  ABLE 3
II-B -3 
EK/amm-KARTHPOAlOi" LOAMS
ITALY (Decision B1/19/EBC) - Celling ; 1 000 million BCP (*) 
GREBCB (Decision 81/1013/BEC) - Celling 8 80 million ECO <·*)
(situation as at 24 January 1984)
Project descriptionCont tract 
date
A. ITALY
I. LOANS SIGNED 
Chemins de fer A 
Chemins de fer B 
ANAS - routes - I 
SIP-réseau téléphonique - A 
SIP-réseau téléphonique - B 
SIP-réseau téléphonique - C 
ENEL-réseau électrique - A 
ENEL-réseau électrique - B 
CASSA - réseau d'eau I 
CASSA - réseau d'eau II 
CASSA - réseau d'eau II 
CASSA - réseau d'eau IV 
ANAS - routes II A 
ANAS - routes II B 
Ecoles
Implantation de logements préfa­
briqués (Infrastructures de base) 
Aqueduc Pugliese I 
Aqueduc Pugliese II 
Prêt global ISVEIMER A 
Ministère des travaux publics 
Chemins de fer II A 
COMIND SUD - usine composants 
Aires industrielles 
PERSANO - Caserne, centre de 
secours
Ministère Instruction Publique- A
TOTAL I
II. FINANCING APPLICATIONS
DECLARED ELIGIBLE BY THE 
COMMISSION15.06.B1 
13.12.82
15.06.81
23.07.81
27.11.81
25.06.82
27.07.81
14.12.82
27.11.81
01.02.82
17.06.82
25.02.83
11.03.83
02.11.83
15.12.81
15.12.81
02.08.82
14.12.82
14.12.82
03.05.83
06.05.83
07.10.83
28.10.83
28.10.83
16.11.83Loans signed (million)Breakdown by sector
NCI ressources
LIT ECU
(***)
36.000
29.000
40.000
35.000
70.000
195.000
75.000
100.000
20.000
90.000
45.000
27.00028,4 
21,9 
30,8
26,1
55,7
155,2
56,5
74,9
15,0
65.7
32.8
19,7EIB ressources
LIT ECU
(***)Econ.
582,7
52,6
(****)15.000
10.000 
10.000
15.000
10.000
15.000
30.000
13.000
10.000
75.00p
3.400
2 0 .0 0 011.9
8,0
7.6
11.9
7.6
11,5
30,4
9,8
7,5
29,2
56,7
2,6
14,6
209,3
360,1(....)Infrastructure
28.4 
21,9
30.8
11.9
8,0
7.6
11.9
7.6 
26,1
11.5 
30,4
9,8
7,5
29,2
56.5 
56,7
2,6
15,0
14.6
65.7
453,7Admin.
55,7
155,2
32,8
19,7
263,474,9
74,9
TOTAL I + II
Balance from ceiling of 1 000 
million ECU
B. GREECE 
LOAN SIGNED
Routes, Infrastructures ferroviai­
res, écoles, universités,cons­
truction de bâtiments préfabriqués
Balance from ceiling of 
80 million ECUContract
date
15.11.82DRA
5.300635,3
80,0995,4
4,6360,1
21,158,9
(♦) OJ N° L 37 of 10 February 1981 
(·*) OJ N° L 367 of 23 December 1981
(...) conversion rates are those obtaining on the last working day of the preceding quarter 
(****) Estimates

»
:i-B-3 
’ T/am
TABLE 4
HCI I I I  LOANS (Decision 8  3  /  3  0  8  /  E  S  C )  ( * )
CEILING :  1  500 million ECU 
(Situation as at 24 January 1884)
Project descriptionContract
dateLoans EUS
int.
sub­
sidyBreakdown by country, in million ECO Breakdown by se ctor
in nat. cor. 
millionin «CD ** 
millionP I OK IRL OK GR EC as a
wholeInfra­
structureEnergy Producti­
ve sector
1. LOANS SIGNED
a) Infrastructure
1 · Irish Télécoecminlcations IE
2. Prêt global CDC - collectivités 
3· OTE téléphones régionaux III - A
b) Enerqy
1. Doras Oil Pipeline A
c) SMEs - Global loans (excluding energy infrastr.)
1. DOB - PME
2. BARCLAYS BANK
3. MEDIOCREDITO CENTRALE II/PHE - A
4. Prêt global IMI II/PME - A
5. Prit global CENTROBANCA II/PME
6. Prêts globaux SOR "NIC-PHE"
7. Prêt global Crédit National A - PME
8. Prit global BNL II A/PME
R. Prêt global Royal Bank of Scotland Group 
*0. BANK OP SCOTLAND pic
TOTAL I
II. PINANCING APPLICATIONS DECLARED ELIGIBLE BY 
THE COMMISSION
TOTAL I + II27.07.83
07.10.83
14.12.83IRL 13^6 
DRA 2500 
DRA 150018/9
31,5
18/9Z 18,9
31,5
18/9(***>
69,3 - - - 18/9 - 50/4 - 69,3 - -
21.12.83 DKR 317 39,9 39,9 39,9
39,9 - - - - 39,9 - - - 39,9 -
04.08.83
03.10.83
07.10.83 
1  1.10.83
25.10.83
15.11.83
01.12.83
02.12.83 
...01.04
12.01.84DKR 100 
U KL 10 
LIT 130 000 
LIT 130 000 
LIT 50 000 
PF 140 
PP 350 
LIT 30 000
U KL 212.3
17.4
94.9
94.9
36.5 
10,2 
51,0
21.9 
7,0 
3,518,2
51,094.9
94.9 
36,5
21.917,4
7,0
3,512,3
357,6 69,2 248,2 27,9 - 12,3 - - - -357,6
466,8 69,2 248,2 27,9 18,9 52,2 50,4 - 69,3 39,9 357,6
606,5
(··**)
1  073,3
(*) OJ N* L 164 of 23 June 1983
{**) Conversion rates are those obtaining on the last working day of the preceding quarter 
(***) Including global loans to SMEs, excluding energy 
f****) Estimates

1 1-0-j T A b li K b
RVT/anw N C T BORHOIIHG8
(RUua^lf n ao a 24-01. 198,) (1)
Contract Dura-Interest Currency ECU (2)
N* tion
date (yre) rate (wiIlion) (million)
122.10.79 157 875 DM225 90,165
215.11.79 2011,6 USD 125 89,778
TOTAL 1979 179,963
306.02.80 168,3 DM 41 16,411
420.02.80 1510 37‘ HFL 40 14,546
521.02.80 1511,75 USD 20 13,975
621.04.90 109,46 DM27,9 11,095
714.05.90 1511,00 USD 75 53 ‘  /If l15.05.80 1014,00 USD 6 5,717
923.05.80 1511 ,87c HFL 40 14,456
1022.07.80 1511,00 USD 70 48,317
1101.10.80 10B,37‘ DM 22 8,682
1201.10.80 168,376 DM 33 13,023
131R.09.80 1613,00 USD 20 14,140
1416.12.80 2011,00 HFL 75 26,886
1511. 12. R0 1513,75 USD 26 20,531
1617.12.80 2011,25 HFL 26 9,336
1717.12.R0 1511,25 HFL 51 18,314
1817. 12.80 1511,25 HFL 25 8,977
TOTAL 1980 297,999
1926.01.81 1013,26 USD 25 19,815
2012.02.81 1011,50 HR. 40 14,164
2118.05.81 2010,85 DM 30 11,829
2209.06.81 1212,50 HFL 50 17,743
2312.06.81 1210,75 DM 46 17,785
2401.07.81 1214,75 USD 65 62,009
2500.07.81 1210,75 DM20,3 8,013
2628.09.81 1210,85 DM 52 20,994
2725.11.81 1215,50 USD 25 22,688
2815.10.81 1217,00 USD 25 22,642
2921.10.81 1516,75 UKL5,5 9,299
3017.11.81 1210,125 DM100 40,665
3120.11.81 1212,25 HFL100 37,314
3230.11.81 1513,26 HFL 75 27,958
TOTAL 1981 333,118
3318.02.82 1215,25' BPR 1000 23,947
3422.02.82 129,75 DM200 82,386
3514.05.82 108,00 YEN 20000 81,964
3625.06.82 169,12 DM18,3 7,739
3722.07.82 1011,25 HFL60,0 23,031
3606.09.82 1210,60 HFL 150 58,109
3929.09.82 106,25 SPR100 49,550
4015.10.82 78,50 DM 34,25 14,573
4105.1 1.82 128,00 DM200 85,057
4226.11.82 813,25 BFR 3000 66,026
4308.12.82 10R,B75 HFL 75 29,418
159,- HFL 75 29,418
4414.12.82 1311,50 USD200 211,266
TOTAL 1982 762,484
4527,01.83 911,875 UKL 50 81,756
4628.01.83 1011,625 ECUS SO 50
4728.01.83 127,75 DM200 87,132
4R23.02.83 108,- YEN 20000 90,139
4911.03.83 1210,775 USD · 75 79,309
5014.03.83 75,50 SFR 50 25,457
5118.04.63 in5,75 SPR100 52,846
5219.04.83 108,625 HFL 50 19,626
6304.05.83 10'8,75 HFL200 76,605
6410.06.83 108,25 DM250 109,602
6509.09.83 165,875 SFR 50 27,049
5613.09.83 1011,25 ECU 70 70
5713.09.83 1012,- USD100 117,733
5821.09.83 106,- SFR100 54,296
6928.09.83 1011,875 UKL 50 87,303
6022.11.83 107,70*) YEN 20000 101,570
6123.11.83 108,75 HFL200 78,789
6207.12.83 in )11 »- ECUS 50 50,000
)6,- 4) ECUS 26 25,000
6308.12.83 1012,- USD SO)120,943
1512,125 USD 50)
6421.12.83 911,5 BFR 1500 32,622
TOTAL 1983 1.439^780
TOTAL 1979 24.01.1984 3.013,344
(1) allowinq for diebursments up to 30 Saptembar 1983
(2) convaraion rate · rata obtaining on contract data
(3) six-monthly interest rate
(4) very low rata on account of repayment cm maturity 
of a capital of 183#5%

PSGT Fonds Special ie Grands Travaux ”
ICFC Industrial and Commercial Finance Corporation UK
Limited, London
ipy Elektricitetsselskabet Isefjordvaerket Interessent- DK
skab
IMI Istituto Mobiliare Italiano, Roma I
INTERBANCA Banca per Finanziamenti a Medio e Lungo Termine SpA I
ISPREDIL Istituto Promozionale per l'Edilizia SpA, Roma I
ISVEIMER Istituto per lo Sviluppo Economico dell'Italia I
Meridionale, Naples
ITALGAS Società Italiana per il Gas p.A. I
ITALSTAT Società Italiana per le infrastrutture e l'assetto I
del territorio SpA, Roma
MEDIOCREDITO Mediocredito Centrale Istituto Centrale per il I
Credito a Mediotermine, Roma
NWC National Water Council ^
Ote Hellenic Telecommunications Organization S.A. GR
PPG Public Power Corporation GR
SFADCO Shannon Free Airport Development Company Limited IRL
SNAM Società Nazionale Metanodotti I
gpp Sociétés de Developpement Régional R
Sip Società Italiana per l'Esercizio Telefonico p.A. I
UNA Udaras Na Gaeltachta

II-B -3  -  2 4 .0 1 .3 4
•PROMOTORS
X.IST OF ABBREVIATIONS USED IN PROJECT DESCRIPTIONS
AGIP
ANAS
BNL
BNL/SACAT
CAECL
CASSA
CDF 
CE GB
CFNTROBANCA
CE PME
DOB
EDF
F.FIBANCA
ENEL
ENI
ESB
FIHAzienda Generale Industria Petroli
Azienda Nazionale Autonoma delle Strada, Roma
Banca Nazionale del Lavoro
Sezione Autonoma per l'Esercizio Credito  
Alberghiero e Turistico de la Banca Nazionale  
del Lavoro
Caisse d'Aide à l'Equipement des Collectives  
Locales
Cassa per le opere straordinarie di publico  
interesse nell'Italia meridionale
Charbonnages de France
Central Electricity Generating Board, London  
Banca Centrale di Credito Popolare SpA, Milano  
Crédit d’  Fquipement des PMF.
Den Danske Bank  
Electricité de France
Ente Finanziario Interbancario SpA, Roma  
Ente Nazionale per l'Energia elettrica, Roma  
Ente Nazionale rdrocarburi, Roma  
Electricity Supply Board
Finansieringsinstituttet for Industri og  
Haandvaerk A.S.I
I
I
F
UK
I
F
DK
F
I
I
I
IRL
DK