COMMISSION OF THE EUROPEAN COMMUNITIES 
Brussels, 01 03.1996 
COM(96) 72 final 
REPORT FROM THE COMMISSION TO THE COUNCIL 
AND THE EUROPEAN PARLIAMENT 
on the rate of utilization of European Investment Bank loans for projects 
A in central and eastern European countries Poland, Hungary, the Czech Republic, 
the Slovak Republic, Romania, Bulgaria, Estonia, Latvia, Lithuania and Albania 
(from I 1.1995 to 30.6.1995) 
and 
B in countries of Latin America and Asia with which the Community has concluded 
cooperation agreements (from 23.2.1995 to 22.8.1995) 

A. REPORT FROM THE COMMISSION TO THE COUNCIL 
AND TO PARLIAMENT 
on the rate of utilization of European Investment Bank loans for projects 
in central and eastern European countries (Poland, I lungary, 
the Czech Republic, the Slovak Republic, Romania, Bulgaria, Latvia, 
Estonia, Lithuania and Albania) 
(from 1.1.1995 to 30.6.1995) 
Introduction 
Council Decision 93/696/EC of 13 December 1993 (OJ No L 321 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 
The loan guarantee ceiling includes the provisions adopted in respect of 
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 January to 30 June 1995. 
2. EIB lending 
During the first half of 1995 the Bank signed six loans financed out of own 
resources for a total of ECU 130 million in central and eastern Europe. 
The list of operations signed during that period and the description of the projects 
are given in the table below. 
CENTRAL AND EASTERN EUROPE 
Operations signed in the period 1 January-30 June 1995 on the basis of the Council Decision of 13 December 1993 (93/696/EC) 
COUNTRY 
ALBANIA 
ESTONIA 
LITHUANIA 
SLOVAKIA 
ROMANIA 
TOTAL PROJECT NAME 
FERRY TERMINAL AT THE PORT OF 
DURRES 
BANK OF ALBANIA APEX Global Loan 
ESTONIAN INVESTMENT BANK Global 
Loan- tranche B 
LITHUANIAN DEVELOPMENT BANK 
Global loan 
SPP GAS TRANSMISSION 
TELECOMMUNICATIONS DATE OF 
SIGNATURE 
1.6.1995 
2.6.1995 
29.6.1995 
10.4.1995 
23.5.1995 
16.5.1995 AMOUNT 
SIGNED 
(ECUm) 
5.00 
5.00 
5.00 
5.00 
50.00 
80.00 
130.00 DESCRIPTION 
Expansion and upgrading of fern terminal facilities 
Financing SMEs in industry, tourism and senices related to 
industn', as well as energy saving and environmental 
protection schemes 
Financing SMEs in industn-. tourism and senices related to 
industry, as well as energy saving and environmental 
protection schemes 
Financing SMEs in industn. tounsm and senices related to 
industry, as well as energy saving and environmental 
protection schemes 
Modernization and expansion of the international pipeline 
earning Russian gas through Slovakia to western Europe 
Expansion and modernization of the national 
telecommunications svstem 
B. REPORT FROM THE COMMISSION TO II IL COUNCII 
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 23.2.1995 to 22.8.1995) 
1. Introduction 
Council Decision 93/1 I 5/EEC of I 5 February 1993 (O.I No I. 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 
beneficiary 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 23.2.1995 to 22.8.1995. 
2. EIB lending in the period 23.2.1995 to 22.8.1995 
During the first half of the third year of activity, the EIB signed loans financed out 
of own resources for a total of ECU 133 million in five countries in Latin America 
and Asia. During the same period, the EIB Board of Directors approved a loan of 
ECU 6 million to be signed before the end of the current mandate. 
The list of operations signed or approved during the period and the description of 
the projects are given in the table below. It should be noted that loans in Peru, 
the Philippines and Indonesia were approved by the Bank before the period of 
reference and, as such, they were allocated in full (loans in Peru and the 
Philippines) or in part (loan in Indonesia) to the second year of activity (see 
COM(95)507). 
LATIN AMERICA AND ASIA 
Operations signed or approved by the EIB Board of Directors during the period from 23.2 1995 to 22.8.1995 (93/115/EEC) 
COUNTRY 
ARGENTINA 
INDONESIA1 
PARAGUAY 
PERU2 
PHILIPPINES2 
THAILAND 
TOTAL PROJECT NAME 
AILINCO 
GAS TRANSMISSION AND 
DISTRIBUTION 
ASUNCION SEWERAGE 
PAN AMERICAN HIGHWAY 
DAVAO AIRPORT PROJECT 
ERAWAN PARALLEL GAS PIPELINE -
Phase II DATE OF 
APPROVAL 
25.7.1995 
31.1.1995 
19.6.1995 
27.9.1994 
25.10.1994 
28.2.1995 DATE OF 
SIGNATURE 
not yet signed 
20.7.1995 
3.7.1995 
14.7.1995 
10.3.1995 
27.7.1995 AMOUNT 
(ECUm) 
6.00 
46.00 
17.00 
27.00 
25.00 
18.00 
139.00 DESCRIPTION 
Construction of plant for the treatment and disposal of 
dangerous waste in the province of Buenos Aires 
Construction of a new gas pipeline linking the south of 
Sumatra with consumers in the centre of Sumatra and 
on the island of Batams 
Extension of waste-water collection and disposal 
network in Asuncion 
Rehabilitation of transport sector 
Modernization and extension of Davao airport 
Extension of parallel gas pipeline from Erawan in Bang 
Pakong to Wang Noi 
The "gas transmission and distribution" project costing ECU 46m has been entered in the accounts as follows. ECU 24m for the period 
22.2.1994-22.2.1995 and ECU 22m for the period 22.2.1995-22.2 1996 
The amounts were entered in the accounts during the period 22.2.1994-22 2.1995 
ANNEX 
List of developing countries in Latin America and Asia 
with which the Community has concluded cooperation agreements 
LATIN AMERICA 
Argentina 
Brazil 
Chile 
Mexico 
Paraguay 
Uruguay 
Andean Group (Bolivia, Colombia, Ecuador, Peru, Venezuela) 
Central American countries (Costa Rica, Guatemala, Honduras, Nicaragua, Panama, 
Salvador) 
ASIA 
Bangladesh 
China 
India 
Macao 
Mongolia 
Pakistan 
Sri Lanka 
ASEAN Group (Brunei, Indonesia, Malaysia, Philippines, Singapore, Thailand) 
ISSN 0254-1475 
COM(96) 72 final 
DOCUMENTS 
EN 11 
Catalogue number : CB-CO-96-084-EN-C 
ISBN 92-78-00910-5 
Office for Official Publications of the European Communities 
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