COMMISSION OF THE EUROPEAN COMMUNITIES 
Brussels, 13.12.1996 
COM(96) 688 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: 
Central and eastern European countries: Poland, Hungary, the Czech Republic, the 
Slovak Republic, Romania, Bulgaria, Estonia, Latvia, Lithuania and Albania (from 
1.1.1996 to 30.6.1996) 
and 
B. South Africa (from 1.1.1996 to 30.6.1996) 

A. REPORT FROM THE COMMISSION TO THE COUNCIL 
AND THE EUROPEAN 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 1.1.1996 to 30.6.1996) 
1. 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 laid down in respect of investments in 
Estonia, Latvia and Lithuania by Council Decision 93/166/EC of 15 March 1993. 
Council Decision 93/696/EC 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 1996. 
2. EIB lending 
2.1 During the first half of 1996 the Bank signed 3 loans financed out of own resources 
for a total of ECU 121 million in central and eastern Europe. The list of operations 
signed during the period and the description of the projects are given in the table 
below. As the table shows, the loan to Estonia, although signed on 1 July 1996, 
has been included in the present report. 
2.2 As at 1 July 1996, the loan contracts signed by the Bank under the current mandate 
amounted to ECU 2 015 million. 
L 
CENTRAL AND EASTERN EUROPE 
Operations signed in the period 1 January-30 June 1996 on the basis of the Council Decision of 13 December 1993 (93/696/EC) 
U COUNTRY 
ESTONIA 
HUNGARY 
LITHUANIA 
TOTAL PROJECT NAME 
Railways 
M3 toll motorway 
Gas distribution DATE OF 
SIGNATURE 
1.07.1996 
31.05.1996 
18.03.1996 AMOUNT 
SIGNED 
(ECUm) 
16 
95 
10 
121 DESCRIPTION 
Rehabilitation of about 58 km of several Estonian 
sections of the main railway line Talinn-Narva. 
Upgrading of 56 km and construction of 44 km of 
dual two-lane motorway between Budapest and 
Fuzesabony in north-eastern Hungary. 
Construction of natural gas transmission and 
distribution pipelines. 
B. REPORT FROM THE COMMISSION TO THE COUNCIL 
AND THE EUROPEAN PARLIAMENT 
on the rate of utilization of European Investment Bank 
loans for projects in South Africa 
(from 1.1.1996 to 30.6.1996) 
1. Introduction 
Council Decision 95/207/EC of 1 June 1995 (OJNo L 131 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 1 January to 30 June 1996. 
2. EIB lending 
2.1 During the first half of 1996 the EIB signed one loan financed out of own resources for a 
total of ECU 56 million in South Africa. Details of the operation signed are given in the 
table below. 
2.2 At 30 June 1996 the loan contracts signed by the Bank under the mandate amounted to 
ECU 101 million. 
SOUTH AFRICA 
Operations signed in the period 1 January-30 June 1996 on the basis of the Council Decision of 1 June 1995 (95/207/EC) 
PROJECT NAME 
ESKOM transmission 
TOTAL DATE OF 
SIGNATURE 
22.5.1996 AMOUNT 
SIGNED 
(ECUm) 
56 
56 DESCRIPTION 
Financing of a part of the electricity transmission 
network of ESKOM (South Africa's power utility) 
_.. 

ISSN 0254-1475 
COM(96) 688 final 
DOCUMENTS 
EN 11 
Catalogue number : CB-CO-96-699-EN-C 
ISBN 92-78-13694-8 
Office for Official Publications of the European Communities 
L-2985 Luxembourg 
c