ARCHIVES HISTORIQUES 
DE LA COMMISSION 
 
 
 
COLLECTION RELIEE DES 
DOCUMENTS "COM" 
 
 
 
 
COM (84) 387 
 
 
 
Vol. 1984/0 166 
  
 
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
C O M (84) 387 final 
Brussels, 12 July 1984
S IX -M O N T H L Y  R E P O R T  F R O M  T H E  C O M M IS S IO N  T O  T H E  C O U N C IL  A N D  T O  E U R O P E A N  P A R L IA M E N T  
O N  O P E R A T IO N S  U N D E R  T H E  N E W  C O M M U N I T Y  IN S T R U M E N T  F O R  B O R R O W I N G  A N D  L E N D IN G  (N C I)
C O M (84) 387 final

I- IN T R O D U C T IO N
^· T h  's reP°rt has been drawn u p  by the Commission in accordance 
with Article 6  of the Decision of 19 April 1983 empowering the 
Commission to contract loans under the n e w  C om m unity instrument (NCI)^ 
which stipulates that "The Commission shall inform the Council and the 
European Parliament every six months of the rate of utilisation of 
the tranches."
O n  1 3  June 1983, the Council authorised an initial tranche of
borrowings that w as not to exceed the equivalent of 1  500 million E C U
(2)in principal . The first six-monthly report on the utilisation of 
this tranche w as sent to the Council and Parliament in January 1984. 
This report reviews h o w  the situation has developed to 1 5  June 1984, 
and assesses the functioning of the N C I; but first it describes 
briefly h o w  the resources previously authorised have been committed :  
N C I I "  , N C I II( '',  and the "reconstruction" N C I to assist the 
earthquake-stricken areas in Italy(5) and Greece(6).
(1) Decision 83/20Q/EEC empowering the Commission to contract loans 
under the n e w  Com m unity instrument for the purpose of promoting 
investment within the Com m unity (N IC  III); O J  N °  L  112 of
28 Apri l 1983, p. 26.
(2) Decision 83/308/EEC; Q J  N °  L  164 of 23 June 1983, p. 31.
(3) Decision 78/870/EEC; O J  N °  L  298 of 25 October 1978, p. 9.
(4) Decision 82/169/EEC; O J  N °  L  78 of 24 M arch 1982, p. 19.
(5) Decision 81/19/EEC; O J  N ° L .  37 of 10 February 1981, p. 21.
(6) Decision 81/1013/EEC; O J  N °  L  367 of 23 Decem ber 1981, p. 27.

2.
II. U TILISA TION O F  N C I I, N C I II A N D  T H E  "R E C O N ST R U C T IO N " NCI
2. The following table shows the balances that have not yet been 
u tilised ; these sums correspond to loans approved but not yet signed 
(see annexed Tables 1  , 2  and 3) :
million E C U
N C I I N C I IIR E C O N S T R U C T IO N  
IT A L Y * G R E E C E
Cei ting 
Loans signed1  000 
979.41  000 
9341  000 80 
806.6 80
BALANCE 20.6 6o 193,// 0
* Loans made from EIB ow n resources (209.3) 
and from N C I resources (597.3)
Loans for the reconstruction of the disaster areas in Italy and 
Greece m ay be made from N C I or EIB resources. The balance for Italy 
stands at 193.4 million E C U . Projects submitted and awaiting signature 
cover th is balance which is therefore likely to be used up during 1984.
II I. N C I III
3. W hen it adopted the f ir s t tranche under N C I II I, th,e Council 
reaffirmed the guidelines laid down for N C I II, and notably the exten­
sion of the fa c ility  to the investment projects of small and medium- 
sized enterprises (SMEs).

3.
It also agreed that in certain cases the financing of invest- 
ment projects by firms other than S M E s  could be considered, and 
stressed the importance of the dissemination of innovation and n e w  
technology.
T he field of application of the tranche w as specified by 
the Commission in the guidelines it sent to the European Investment 
B ank indicating h o w  it would like to implement the broad policy laid 
d o w n  by the Council (see the six-monthly report :  C 0 M (8 4 ) 30 final)
L > ' 0n 1 5  June 1984, loan applications declared eligible by the 
Commission amounted to almost 1  500 million E C U , and loans signed 
to 881.5 million E C U  (see annexed Table 4).
Projects thus continued to be submitted and appraised at the 
rapid pace referred to by the Commission in January.
T he volume of loans signed to date represents about tw o thirds 
of the amount available under this tranche but, as in January, the 
breakdown of loans signed by purpose of loan is not necessarily 
representative of what will be the final breakdown of the tranche as 
a whole. The following table compares the breakdown of loans signed 
by 24 January with that of loans signed by 15 June and that of all 
loan applications declared eligible, whether or not the loans have 
been signed (i.e. the probable breakdown of the whoie tranche). It 
should be borne in mind that, as the precise amount lent is not 
know n until the loan has been signed, the estimated breakdown of 
the whole tranche is but an approximation.

4.
5. T he following table show s breakdown by sector of loans signed, 
and the estimated breakdown for the whole tranche :
Purpose Loans 
24.1 .84signed on :  
15.6.84W hole tranche 
(estimate)
Productive sectors 76.6 '  80:■  ■6 2
Energy 8.6 1 2 22
Infrastructure 14.8 8 16
T O T A L
(in million E C U )100
(466.8)100
(881 .5)100
Loans to productive sectors were already clearly preponderant 
in the loans signed to 24 January, and even more so in loans signed 
to 1 5  June; they are s till the main category in the estimate for 
the whole tranche, although with a smaller share» A s  no large firm 
in the productive sectors has submitted a project fulfilling the 
criteria laid d o w n  in the guidelines, all the investment projects 
financed in these sectors correspond to applications from  S M E s. This 
reflects the Commission's desire, expressed on numerous occasions 
and endorsed by the Council and by Parliament, to treat financing 
for S M E s  as a first priority.

5.
The large share in the to tal of loans to S F 'E s reflects the 
strong demand for financing from such firms and the interest 
generated by the method of global loans. A s applications for 
global loans can usually be dealt with more rapidly than those for 
individual projects, the signature of global loans has been expedi­
ted. That is w hy the contraction in the share of the productive 
sectors has been slower than expected in January : it will not 
become apparent until the entire tranche has been committed.
The share of energy projects in to tal financing is gradually 
increasing, as foreseen in January. However, demand for this type 
of loan is slacker than expected, and the breakdown of loans signed 
and of applications approved shows that the number of projects to 
promote the efficien t use of energy is smaller than the Commission 
would have wished, since it had hoped to give such projects 
p rio rity .
6. The following thble gives the breakdown by country of loans 
signed, and the estimated breakdown for the whole tranche.
as %
CountryLoans 
24.1.84signed on :  
15.6.84Whole tranche 
(estimate)
Denmark 11.2 1 1 1 1
Greece 10.8 6 5
France 14.8 24 25
Ireland 4.0 2 3
Italy 53.2 54 50
United Kingdom 6.0 3 6
T O T A L 100 · 100 100
(in m i llion E C U ) (466.8) (881 .5)

6 c
The main features of this table are the rapid expansion 
of loans to France, and the preponderance of loans to France and 
Italy, which are due to the large volume of global, loans to the 
two countries. W hile Italy's share in the total can be expected 
to contract, France’s share will expand substantially because of 
different timing in the tw o countries of signatures to global 
loan contracts.
7 . A s  to borrowings, Table 5  in the annex show s that issues 
totalling 3  401.1 million E C U  have been floated under the N C I si nee 
its inception, while loans amounting to 3  392.2 m i 11ion E C U  have been 
signed. The difference is attributable in particular to the 
different dates and conversion rates for loans signed on the one 
hand and issues floated on the other.
A  breakdown by borrowing currency is compiled each 'year 
and given in the Commission’s Report to the Council and to Parlia­
ment on the borrowing arid  tending activities of the Com m unity.
IV. ASSESSMENT
8. It is difficult to assess the functioning of the n ew  C om m unity 
instrument just one year after the authorisation of the current tranche. 
In particular, the intermediary's report on the allocation of global 
loans, which gives details of h o w  the global loan has been on-lent
is not submitted until the credit has been used up. T he following 
data are partial, and should be regarded as a provisional indication 
of the effects of lending.

7.
9. B y  1 5  June 1984, out of a total of 709 million E C U  of global 
loans signed, 4 3 1  million E C U  had been on-lent to small and m edium ­
sized enterprises. O n  average, the on-lending financed 3 3 %  of the 
cost of the investment projects; altogether, it created or main­
tained 90 000 jobs. .  Four branches of activity accounted for 4 0 %  
cf the total on-lent :  metal and mechanical engineering, transport 
equipment, chemicals, and electrical and electronic engineering; 
ten sectors accounted for 8 0 %  of the total :  the four already 
mentioned, plus woodwork, glass and ceramics, food products, 
textiles and leather, paper, and rubber and plastics.
10. 103.0 million E C U  of loans have been m ade for energy and 
69.3 million E C U  for infrastructure projects. O n  average, 2 5 %  
of project cost has been covered. The projects assisted in the 
energy sector concern for the most part the replacement of 
imported energy (5 million t.o.e. a  year), but savings of oil 
products are also represented (14 000 t;o.e. a year).
11. These isolated figures show  h o w  the N C I is contributing to 
the objective adopted and reaffirmed on several occasions by the 
European Council :  that of promoting productive investment.
They bear witness to the usefulness of an instrument that has 
n o w  proved its worth, by providing 3  392.2 million E C U  in loans.
T he 881,5mi llion E C U  lent under the first tranche of N IC  III have 
already contributed to investment of tw o and a half billion E C U s. 
Furthermore, the NCI's character has been confirmed bit by bit 
with each successive tranche, and the tentative appreciation of 
the first tranche of N IC  III show s tw o traits which have becom e 
fundamental. Firstly, there's additionality, they finance only 
a  part of each investment project's cost, and are used less and less 
in association with E IB  loans for the sam e projects (only three 
co-financings for the whole tranche). Secondly, N C I is acquiring a  
vocation :  the importance of global loans for small and 
m edium  sized firms' investments in industry and related services 
is growing.

HCI M D  "EARTHQUAKE” OPERATIONS
Situation as at 15 June 1984
Tables

f t » l g 1
HCÏ I  L  0  A  ü S  (g«iiaio8 7Î/870/83C)
C E IL IH C  ; 1 0 0 0  Billion ECU 
( S i t u i t i û a  a «  a C  1 5  J u n *  1 5 6 * )
Project destTÎcticnCent‘ .Mût Lôfiîl B WIS
iat.'ircs'idown by country, in Billion ECU Rreakdotfn by sector
/*fcà) datei·'. :iat. cur. in ECU ** au b- P £1% IRL DK ORInfra- Enargy RHR
aililon Billionsidy structure
ï. LOAtfS STCNED
*) infrastructure
1. Aqueduc de Pertuoilîo III (CASSA)
2· Lothlsn Muter - a*8alnl3S«:seftC + réservoir 
Si ihibltn Mater * adduction d'eau et GSSAlnlsecpent
4. Irleh Téléphonas - «odernieatlon et extension
5. Iri-sh fto»du III - «nfilloration réseau routier
6. 2one tndur.tr5elîfi Syracuse ÏV (CASSA)
7. SïP Pouilles IV - équtpeœnt téléphonique 
3· Autoroute du Frioul II
9· Irlah Téléphonés VII A - aodern. et extension 
lû, I.-ieh Telaphonsa VII 8
11. Autoroute Poitiers-bordeaux A
12. SIP Cawpanla IV - équipement téléphonique
13. Aires Induotrlell«« -· Mestoglorno II - 4 *  IÏI
14. &JC XIELDÊR - adduction d’eau Norch»®brJU
15. Autoroute Poitiers - Bordeaux B
16. SIP Sardaigne IV - réseau téléphonique
17. Hldlands North-Zast Wster - adduction d’eau-et 
AesalnlaaecMnt
18. Fstro Hotorwey Bridges
19. Logeaient» FXAT/ÏTALSTAT
20. Logemnta FIAT/ITA1.STAT - BNL
21. Logasents FTAT/ITALSÏAT - CAPIPLO
22. LogenentS PIAT/ITAL8TAT - SAN PAOLO DI TÛRIKO
23. Logeants FÏAT/ITALSTAT - CÀftIPLO
24. Logeacnta FÏAT/ITALSTAT - SAN PAOLO
25. Logeasnce ISPîtiDî;,17.05.7Î 
17.09.7« 
17.09.7«
17.09.79
17.09.79 
18.07.S0
19.09.80
11.12.80 
23.10.KO 
15.07.61 
20.05.8'l 
oi.&?.ai
30.09.31
30.11.81
14.12.81
14.12.81
10.06.82
14.12.82
10.05.83
30.06.83
30.06.83
30.06.83
11.07.83
11.07.83 
U.10.83LIT 45.000 
UKL H,3 
IRL 16,3 
ÎRL 12,- 
IRL 13,- 
!.IT 15.000 
LIT 15.600 
LIT 45.000 
IRL 18,4 
IRL 5.6 
FP 76,1 
LIT 20.000 
LIT 15.000 
U KL 20 
FF US 
LIT 50.000 
IRL 5,3
DKR 400 
LIT 3.360 
LIT 6.007 
LIT 6.941 
LIT 2.403 
LIT 32.140 
LIT 29.047 
LIT 55.20035.6
25.9
24.7
17.9
15.4
12.5 
12 5
37.3
27.3 
8,1
12,0
15.8
11.9
33.9
23.3
39.8 
7,7
46.6
2.5
4.6
5,23  ,8
23.9
21.6
40.3X
X
X
X
X
X
X
X
X
X
X
X
X
X
X12,0
26,339,6
12.5
12.5
37.3
15.8
11.9
39.8
2.5
4.6
5,2
1.6
23.9 
21,6
40.325.9
33.924,7
17.4
19.4
27.3
8,1
7.7
48,6
2.5
4.6
5,2
1,8
23,9
21,6
40,3
TOTAL a) H ECUs
' X523,1
53,440,3
4,1269,3
27,659,8
6,1105,1
10,748,6 
4,9"523,1
53,4“ "
b) Energy
1. Centrale hydroélectrique Dinorvie (CECB)
2. Centrale cheralque Aghada (ESS)
3. Centrale hydroélectrique Alto Ceeao (EfêEL)
4. Contra Us géothermiques (ENRL)
5. BÛfcîi NA MOKA t A - Ttoû, d? tourbe
6. BORB <*iA «PMA I B
7. 90R0 HA Wfi®A 11 - Br Jquetterie de tourbe
8. Systdae da contrôle de la production d’énergie 
électrique (SHEL)
9. Cazoduc Algérie-Italie Section Sicile et 
Calabre (EHI)
10. ACIP Hydrocarbures - glseaaace de gaz naturel
11. IFV Asnoes lîl - chauffage au charbon d’une 
unité de centrale électrique
12. Centrale chimique et électrique - Bander#
13. EftF.L PPOU) - Centrale hydroélectrique
14. EMI/gezoduc Algérie - Italie IV
13. ENEL/Converelon au charbon da deux centrelcs 
cherrtoélectriquns - Metzogierno
16. Brescia chauffage urbain
17. AGIP Stockage - Conversion de 2 gisosante de gaz 
narurol - nord
18. SHAM Gazoducs septentrionaux
19. FIAT - iccnonie d’énergie dans unltéa de 
production
20. ZSR Ps«c Stsclon - ertension de centrales 
électriques 2 Shannonbrldge et Laneaborough
21. ESS Moneypolnt I A
22. CPf GARDANWR - elne lignite + groupe électrogëne 
dans centrale einlère
23. ESB Noneypoint IB17.09.79
17.09.79
14.12.79
14.12.79 
18.04.60
19.10.81
28.04.80
29.04.80
18.07.80
19.09.80
11.12.80
11.12.80
29.01.81
03.06.81 
04.C6.81
30.09.81 
97.10.ai
07.10.81 
31.3.82 
22.07.32
26.05.83
20.06.83
18.10.83URL 50,- 
IRL 16,5 
LIT 40.000 
LIT 12.000 
IRL 3,7 
IRL 6,3 
IRL 6,- 
LIT 20.000
LIT 50.000
LIT 2Û.GCC 
DK» 70,-
DKR 72,- 
LIT 40.000 
MT 10.(100 
LIT 15.000
LIT 15.000 
LIT 5.000
LIT 20.000
UT 7.000
IRL 16
IRL 18,5 
FF 200
IRL 1579.4
24.7
34.9
10.5 
5 , 5
9.2
5.9
17.1
41.7
16.7
8.9
9.2
32.9
7.9
U,S
11.9 
4,0
15.9 
5,4
23,3
26.1
29.7
20.7X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X29,734.9 
10,5
17,1
41.7
16.7
32.9 
7,9
Il ,8
11.9 
4,0
15.9
5,479,4
24.7
3 . 5
9,2
8,9
23,3
26,1
20.78,9
9,2
TOTAL b ) 5  M  ECUs 
1  S456,3
46,629,7
3,1210,7
21,679,4
9,1118,4
11,918,1
1,9 - -456,3
-
TOTAL 1 i  M ECUs 
: 2979,4
10070,0
7,2460,0
49,2139,2
14,2223,5
22,666,7
6,8 -523,1
53,4456,3
46,6 -
II. FINANCINC APPLICATIONS PECLARED ELIGIBLE BY 
THE COMMISSION22,7
<****)
TOTAL I ♦ îï 1 002,1
<·) OJ K° L 76 of 2* March 1584
( * * )  C o n v e r s i o n  r a t e s  a r e  c h o s e  o b t a t n l n g  o n  c h e  l a a t  w o r k l n g  d a y  o f  t h e  p r e e e d i n g  q u a r t e r  
( o e * )  SufÆ&arw o f  a b r é v i a t i o n *  u e e d  l o  c h e  a n n e z  
( « & * « )  E ê t l s a t e a

TABLE 2
N C I I I  L O A N S  ( D  « é t a lo n  8  2  /  1  6  9  / 1
CEILING : 1 000 m illio n  E C U  
(S itu a tio n  a s s c 15 June 19AA): c ) ( * )
Project d e s c r i p t i o n  
(·* « )
I. L O ANS SIGNED
« " ) In fr a str u c tu r e  (e x clu d in g  g lo b a l lo a n s)
1. I r is h  Telephones VIII
2 . SIP P o u ille s  V  -  réseau télép hon iqu e  
1. SIP S ic i le  V  -  réseau télép h on iq u e
4 . O T K  télép h on es régionaux II
5. G O L FE D E  NAPLES II/CASSA -  a ssa in issem en t
6. A U T O R O U T E  D U  FRIOUL III
7. IRISH INDUSTRIAL FACTORIES IV -  SFADCO
8. IRISH INDUSTRIAL FACTORIES IV -  U N A  C
9 . IRISH R O A D  V  -  réseau r o u tie r
b) Energy
1· Cuzoduc Cork Dublin
2. ITALOAS Piémonte/LÏCURIE -  réseau
3. C E M K N T I PIAVE/Économies d 'é n e r g ie
4 . CA20DUC D O N C  S ectio n  II
5. M EDIOCRRDITO C EN TR A LE III (p r ê t g lo b a l) -  
Économie» d 'é n e rg ie
0. SN A M  SICILE M éthanlaatIon
7. ACIP Stockage I I I  -  gaz n a tu rel
8. C FC B  -  CROSS C H A N N R L  UHK -  In tercon n exion  des  
réseaux é le c tr iq u e s  par c ib le s  aou a-aarln s
9 . PPC/CENTRALE A K Y N T E O N  A
10. PPC/MINES A M Y N T E O N  A
11. Gazoduc Dong S e c tio n  I I I
12. P rêt g lo b a l PSCT -  Economie d 'é n e r g ie  -  travaux  
b ld ia en ta
13. EDF INTERCONNEXION FR AN C E -  ROYAUM E-UNIde gaz n a tu rel
c ) SKKe -  Global Ioana (e x clu d ln g  en ergy)
1. C K P H K  NIC -  P U F . A
2. C E P M E  NIC-PMK fl
3. B N L  M EDIOCREDITO "NIC-PHE"
4 . C E N TR O BA N C A  “NIC-PMR"
5. IMI "HIC-PNR"
6. M EDIOCREDITO C E N TR TA LF. NIC -  P M E
7. ICFC/NIC-PME A
8. EF(BANCA "NIC-PMP."
9 . BNL/SACAT Centre-Nord "NIC-PMF."
10. H ID L A N T » B A N K  "NIC-PME"
11. NATIONAL NESTM INRTER B A N K  "NIC-PHF."
12. INTRRBANCA “NIC-PHE"
13. FIH “NIC-PME" -  A
14. FIH "NIC-PME" -  B
15. ICFC "NIC-PMR" -  B
TO TAL I
I I . FINANCING APPLICATIONS D EC LARED ELIGIBLE B Y  
T H E  COM M ISSION
TO T A L I + II
(* ) OJ N* L  7b o f 24 March 1984  
(* * ) C onversion races are th o se o b ta in in g  on th e la s t  working day o f th e preced ing q uarter  
{***} Summary of u b r e v la tlo n s uaed in th e annex  
(* ***) E stim atesCont race Loans K M S Breakdown by cou n try· In m illio n  E C U Rreakdewn by s e c to r
data In n s t . cur. In EC U  * su b- F 1 U K IRL D K O R I n f « - Energy Produrti -
ml lllo n m illio n Sidy str u c tu re ve se c to r
1 9 .1 0 .8 2 I R I. 26 37,6 X 37,6
1 9 .1 1 .8 2 LIT 50 000 37,8 X 37,8
1 0 .1 2 .8 2 LIT 50 000 37,8 X 37,8
0 6 .1 2 .8 2 DR A  3 000 4 4 ,9 4 4 ,9
1 3 .1 2 .8 2 LIT 75 000 56,7 X 56,7
0 3 .0 2 .8 3 LIT 40 000 30,2 30,2
2 4 .0 2 .8 3 IRL 0 ,7 1 , 0 X 1 , 01 , 02 4 .0 2 .8 3 IRL 1,9 2 ,7 X 2,7
2 9 .0 2 .8 4 IRL 11 15,1 15,1
263,8 " 162,5 - 56,4 - 4 4 ,9 260,1 - 3,7
1 9 .1 0 .8 2 IRL 10 14,5 X 14,5 14.5
15.1 
6 , 8
47,4
18,9
1 5 .1
2 2 . 6
32.0
1 1 . 0  
24,0  
43,3
14,61 3 .1 2 .8 2 LIT 20 000 15,1 X 15,1
1 3 .1 2 .8 2 LIT 9 000 6 , 8 6 , 8
1 6 .1 2 .8 2 D K R  390 47,4 4 7 ,4
1 5 .1 1 .8 2 LIT 25 000 18,9 IB ,9
0 1 .0 2 .8 3
0 1 .0 2 .8 3LIT 20 000  
LIT 30 00015,1
2 2 , 6X
X15,1
2 2 , 6
2 5 .0 5 .8 3 D R A  1859,9 2 4 ,0 24,0
0 9 .0 6 .8 3 D K R  345 4 3 ,3 4 3 ,3
1 9 .1 0 .8 3 FF 250 36,4 36,4 36,4
2 0 .1 0 .8 3 FP 100 14,6 14,6
301,7 51,0 78,5 3 2 ,0 14,5 90,7 3 5 ,0 36,4 265,3 -
I S .11.62 FF 250 37,6 37,6
1 6 .1 1 .8 3 FF 250 36,4 36,4
1 5 .1 1 .8 2 LIT 25 (»0 18,9 18,9
1 5 .1 1 .8 2 LIT 50 000 3 7 ,8 37,8
1 5 .1 1 .8 2 LIT 80 000 6 0 ,4 60,4
1 5 .1 1 .8 2 LIT 100 000 75,5 75,5
2 7 .0 1 .8 3 U K L 10 16,7 16,7
1 1 .0 3 .8 3 LTT 15 000 1 1 , 1 1 1 , 1
1 1 .0 3 .8 3 LIT 20 000 15,1 15,1
1 4 .0 3 .8 3 U K L 5 8 ,3 8 ,3
2 9 .0 3 .8 3 U K L  5 8 , 1 8 , 1
0 3 .0 5 .8 3 LIT 20 000 1 5 ,0 15,0
1 3 .0 6 .8 3 D K R  25 3,13.10 5 .1 0 ,8 3 D K R  55 6 ,7
1 8 .1 0 .8 3 U K L  10 17,4 17,4
368,5 74,0 234,0 50,7 - 9 ,8 - - 368,5
9 3 4 ,0 125,0 4 7 5 ,0 « 2 ,7  , 70,9 100,5 79,9 296,5 265,3 372,2
107,0
(«***)
1  0 4 1 ,-

TA B L E  3
I I - B  -3  “EARTHQUAKE" LO A M S
E K /am ra
ITALY (D e c is io n  81/19/E E C ) -  C e llin g  ; 1 000 m i ll io n  ECU (* ) 
GREECE (P e c la lo n  8l/lQ 13/E B C > -  C e llin g  ; 80 M illio n  ECU (* * )
(situation as at 15 June 1984)
Project descriptionContractLoans signet (million) Breakdown by sector
date NCI ressources F.IB ressources Infrastructure
LIT ECU
(***)LIT EPTT
(***)Econ. Soc.Admin.
A. ITALY
X. LOANS SIGNED 
Chemins de fer I A 
Chemins de fer I B 
ANAS - routes - I 
SIP-réseau téléphonique - A 
SIP-rëseau 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 - A 
Aires industrielles 
PERSANO - Caserne, centre de15.06.81
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
28.10.8336.000
29.000
40.000
35.000
70.000
195.000
75.000
100.000
20.000
90.000
45.00028.4 
21,9
30.8
26,1
55.7 
155,2
56.5
74.9 
15,0
65.7
32.815.000
10.000 
10.000
15.000
10.000
15.000
30.000
13.000
10.000
40.000
75.000 
3.400
20.00011.9 
8,0
7.6
11.9
7.6
11.5 
30,4
9,8
7.5 
29,2
56,7
2.6
14.628.4 
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
65.755.7 
155,2
32.874,9
secours
Ministère Instruction Publique 
Chemins de fer I C16.11.83
14.02.8427.000
16.00019,7
14,6 14,619,7
TOTAL I 597,3 209,3468,3263,474,9
II. FINANCING APPLICATIONS 
DECLARED ELIGIBLE BY THE 
COMMISSION37,5 157,4 (****y
TOTAL I + II 634,8 366,7
1001,5
Balance from ceiling of 1 000 
million ECU1,5
B. GREECE 
LOAN SIGNED
Routes, infrastructures ferroviai­
res, écoles, universités.cons­
truction de bâtiments préfabriquésContract
date
15.11.82DRA
5.300 80,0 21,158,9 -
Balance from ceiling of 
80 million ECU
(*) 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

II-B-3 
EK/ama
T ABIS 4
W C Ï  Iti L 0 A H S (O * c 1 a I o o ! 3 / 3 0 8 / U  c) (*>
CEILING :  1 500 million ECU 
(Situation as ât~ 1$ June 1934)
Project description(* * * >
I. LOAN5 SICNED 
a) Infrastructure
1. Irish Télécoronicatlone IX
2. Prit global CDC - collectivités
3. OTE téléphones régionaux IÎI - A
b) Energy
1. Doras Oil Pipeline A
2. PrSt global BNt - inergie Bitleent
3. ENEL Fanneaux solaires Centre-Nord A
4. ENEL Faoneaux solaires Mezzoglorno A
5. Copenhagen Region Natural Gas A
c) SMEs ~ Clobal loans (excluding energy infrastr.)
1. D O B
2. BARCLAYS BANK
3. KEPIOCREDITO CENTRALE II - A
4. MEDIOCREDITO CENTRALE II - B
5. ÎWÏ II - A
6. IHI II - B
7. CENTROBANCA II - A
8. CEWTROBANCA II - B
9. SDR
10* Crédit Nations! A
11. «ML II - A
12. BNL II - B
13* BANK OF SCOTLAND
14.. Royal Rank of Scotland Group
15. INTERBANCA II - A
16. INTERBANCA II - B
17. EFIBANCA II A
18.. FÏH 71
19. SDR II - A
20. Crédit National B
21. CEWF. II-A
TOTAL I
II. rtNAMCTSC APPLICATIONS DKCIARKE) ELIGIBLE BY 
THE COMMISSION' ““
TOTAL I + IIContract Loans EMS Breakdown by country. In oJllien; ECU Breakdown by seector
int ·
date in nat. cur. in ECU **sub- F I UK ÏRL DK CR EC as a Infra- Energy Productl-
alllion Billion sidywhole structure ve sector
27.07.83 TRL 13,6 1B,9 X 18,9
11.10.83 DRA 2500 31,5 31,5
14.12.83 DRA 1500 18,9 18,9
69.1 - - - 18,9 -I  50.4 - 69,3 - -
21.12.83 DKR 326 39,9 39,9 39,9
05.03.84 LIT 25 000 18,2 18,2 18,2
13.04.84 LIT 15 000 10,8 10,8 10,8
13.04.84 LIT 5 000 3,6 3,6 3,6
15.05.84 DKR 250 30,5 30.5 30,5
103,0 - 32.6 - - 70,4 - - 103,0 -
04.08.83 DKR 100 12,3 12,3
03.10.83 ÜKL 10 17/4 17,4
07.10.83 LIT 130 000 94,9 94,9
13.04.84 LIT 70 000 50,5 50,5
11.10.83 LIT 130 000 94,9 94,9
03.02.84 LIT 70 000 51,0 ' 51,0
25.10.83 LIT 50 000 36,5 36,5
17.04.84 LIT 35 000 25,3•25,3
15.11.83 PF .  125 18,1 18,i
01.12.83 FF 350 50,5 50, Ç
02.12.A3 LIT 30. 000 . .  21,9 21,9 !
05.03.84 LIT .  25 000 18,2 18,2 !
12.01.84 CTRL ·  ? 3,5.· 7,5
19.01.84 UKL 4 7,0 7,0 f
03.02.84 LIT 30 000 21.3 21,9
13 *04.A4 U T  20 ODO U,« 14,4 Î  j
06.02.84 U T  ?'.! nf:f< i f  6 14,6
13.04.84 nKn io« 12,2 12,2?  ii
23.05.84 FF m J4,2 34,2 i
24.05.64 FF 330 51,« 51,0 f
06.06.84 FF .  400 
- __ .....52
 o 5
_____!58
,5
i1
1
-.  709,2 1  212,7 i4 i t  4,1 27 ,3
“24,Î-f"·
i- 1 m , 2
881,5f  212,7 1476,7 .27,9 '.0.9 94,9 30.4 |. - 69,3 1011-j  709,2
660,3 (  * * ·> * )
I541,8
(*) 07 N* L 164 of 23 June 1983
(*») Conversion rates are those obtaining on the last working day of the preceding cnarter 
(*»«) Suanary 0f abréviations used in the anne*
(****) Estimate*

tI-B-3 TA B U 5 RVT/ana
NC X BORRO UINCS
(Situation aB at 15.06.198«) (l)
Contract Dura-Interest Currency ECU (2)
N° tlon
dace (yrs) rate (million) (million)
l22.10.79 157,875 DM 225 90,185
215.11.79 2011,6 USD 125 85,778
TOTAL 1S79 179,963
306.02.80 158,3 «1 16,All
420.02.80 1510,375 HFL »0 14,546
521.02.80 1511,75 USD 20 . .. 13,975-
621.04.80 109,45 DM 27,9 11,095
;14.05.80 1511,00 USD 75 53,593
815.05.80 1014,00 USD 8 5,717
923.05.80 1511,875 HFL 40 14,456
1022.07.80 1511,00 · USD 70 48,317
1101.10.80 108,375 DM 22 8,682
1201.10.80 158,375 DM 33 13,023
1318.09.80 1513,00 USD ■  20 14,140
1416.12.80 2011,00!. HFL 75 26,886
1511.12.80 1513,75 USD 26 20,531
1617.12.80 2011,25 HFL 26 9,336
1717.12.80 15n,25 HFL 51 18,314
1817.12.80 1511,25 HFL 25 8,977
TOTAL 1980 297,999
1926.01.81 1013,25 USD 25 19,815
2012.02.81 1011,50 HFL 40 14,164
2118.05.81 A10,85 DM 30 11,829
2209.06.81 1212,50 HFL 50 17,743
2312.06.81 1210,75 DM 45 17,785
2401.07.81 1214,75 USD 65 62,009
2508.07.81 1210,75 DM 20,3 8,013
2629.09.81 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 UKL 5,5 9,299
3017.11.81 1210,125 DM 100 40,865
3120.11.81 1212,25 HFL 100 37,314
3230.11.81 1513,25 HFL 75 27,958
TOTAL 1981 333,118
3318.02.82 1215,25 BFR 000 23,947
3422.02.82 129,75 DM 200 82,386
3514.05.82 108,00 YEN 20 000 81,964
3625.06.82 159,12 DM 18,3 7,739
3722.07.82 1011,25 HFL 60,0 23,031
3806,09.82 1210,50 HFL 150 5S,109
3929.09.82 106,25 SPR 100 49,550
4015.10.82 78,50 DM 34,25 14,573
4105.11.82 128,00 DM 200 85,057
4226.11.82 813,25 BFR 3 000 66,026
4308.12.82 108,875 HFL 75 29,418
159,- HFL 75 29,418
4414.12.82 1311,50 USD 200 211,266
TOTAL 1982 762,484
4527.01.83 811,875 UKL 50 81,756
4628.01.83 1011,625 ÊCIIS 50 50
4728.01.83 127,75 DM 200 87,132
4823.02.83 108,-YEN 20 000 90,139
4911.03.83 1210,75 USD 75 79,309
5014.03.83 75,50 SFR 50 25,457
5118.04.83 105,75 SFR 100 52,846
5219.04.83 108,625 HFL 50 19,628
5304.05.B3 108,75 HFL 200 78,605
5410.06.83 108,25 DM 250 109,602
55 .09.09.83 65,875 SFR 50 27,049
5613.09.83 1011,25 ECU 70 70
5713.09.83 1012,- USD 100 117,733
5821.09.83 106,- SFR 100 54,296
5928.09.83 1011,875 UKL 50 87,303
6022.11.83 107,703) YEN 20 000 101,570
6123.11.83 108,75 HFL 200 78,789
6207.12.83 10 )11,- ECUS 50 50,000
)6,- A) ECUS 25 25,000
6308.12.83 1012,- USD 50) 60,472
1512,125 USD 50) 60,472
6414.12.83 911,5 BFR 500 32,682
TOTAL 1983 1 «39,840
6518.01.84 e8,0 DM 200 88,563
6620.01.84 1011,375 UKL 50 87,738
6702.03.84 1012,10 BFR 1 000 21,833
6609.03.84 710,50 fiCU 60 60,-
6903.04.84 108,75 HFL 200 79,532
7030.05.84 711,25 ÊCU 50 50
TOTAL 1984 387,666
TOTAL 1979 15.06.1984 3.401,070
(1) allowing for d tsbursment h up to 31 May 1984
(2) conversion rate » rate obtaining on contract date
(3) six-monthly interest rate
(4) very low rate on account of repayment on maturity 
of the capital of 183,5X.

ÏI-B-3
15.06.84
SUMMARY OF ABREVIATIONS USED IN THE LISTS OF PROJECTS  
FOR THE INVESTING ORGANIZATIONS
AGIP Azienda Generale Industria Petroli SpA
ÀLFO/AVIO Alfa Romeo Avio SpA
ANAS Azienda Nazionale Autonoma delle Strade
ARTIGIANCASSA Cassa per il Credito alle Imprese Artigiane 
ASST Azienda di Stato per i Servizi Telefonici
BNL Banca Nazionale del Lavoro
BNL/SACAT Sezione Autonoma per l’Esercizio del Credito
Alberghiero e Turistico (SACAT) della Banca Nazionale 
del Lavoro (BNL)
CAECL Caisse d'Àide à l’Equipement des Collectives
Locales
CASSA Cassa per le opere straordinarie di pubblico
interesse nell'Italia meridionale
CDC Caisse des DépSts et Consignations
CDF Charbonnages de France
CEGB Central Electricity Generating Board
CENTROBANCA Banca Centrale di Credito Popolare SpA
CEPME Crédit d'Equipement des PME
DDB Den Danske Bank
EDF Electricité de France
EFIBANCA Ente Finanziario Interbancario SpA
ENEL Ente Nazionale per l’Energia elettrica
ENI Ente Nazionale Idrocarburi SpA
EOMMEX Organisation Héllénique des petites et moyennes
industries et entreprises artisanales
ESB Electricity Supply BoardI
I
I
I
I
I
I
F
I
GR
F
UK
T
F
DK
F
I
I
I
GR
IRL

2.
FIH Finansieringsinstituttet for Industri og
Haandvaerk A.S.
FSGT Fonds Spécial de Grands Travaux
ICFC Industrial and Commercial Finance Corporation
Limited
IFV Elektricitetsselskabet Isefjordvaerket Interessent­
skab
IMI Istituto Mobiliare Italiano
INTERBANCA Banca per Finanziamenti a Medio e Lungo Termine SpA
ISPREDIL Istituto Promozionale per l’Edilizia SpA
ISVEIMER 1  Istituto pér lo Sviluppo Economico dell'Italia
Meridionale
ITALGAS Società Italiana per il Gas SpA
ITALSTAT Società Italiana per le infrastrutture e l'assetto
del territorio SpA
MEDEDIL Società Edilizia Mediterranea SpA
MEDIOCREDITO Mediocredito-Centrale Istituto Centrale per il 
Credito a Mediotermine
NWC National Water Council
OTE '  Hellenic Telecommunications Organization S.A.
PPC Public Power Corporation
SFADCO Shannon Free Airport Development Company Limited
SNAM Società Nazionale Metanodotti SpA
SDR Sociétés de Développement Régional
SIP Società Italiana per l'Esercizio Telefonico SpA
SPI Société Portugaise d’Investissement
SRC Strathclyde Regional Council
UNA Udaras Na Gaeltachta
VENEFONDARIO Istituto di Credito Fondario delle VenezieDK
F
UTC
DK
I
I
I
I
j
j  I 
;  I
■ ■ I 
I
;  uk
GR
GR
IRL
I
F
I
Portugal
UK
IRL
I