[pic] | COMMISSION OF THE EUROPEAN COMMUNITIES |

Brussels, 30.8.2007

SEC(2007) 1079

COMMISSION STAFF WORKING DOCUMENT

ANNEX TO THE REPORT FROM THE COMMISSION TO THE COUNCIL AND TO THE EUROPEAN PARLIAMENT ON THE BORROWING AND LENDING ACTIVITIES OF THE COMMUNITY IN 2006 {COM(2007)486 final}

TABLE OF CONTENTS

1. BORROWING ACTIVITIES IN 2006 3

1.1. Trends in borrowing and lending 3

1.2. Borrowing of the European Institutions: outstanding at the end of each period (1) 5

1.3. Borrowing of the European Institutions in 2006 by currency 6

2. LENDING IN NON-MEMBER STATES 7

2.1. Lending in non-member States in 2006 – Overview 7

2.2. Loan disbursements for macro-financial assistance to non-member States 2000-2006 8

2.3. Signatures on EIB Own Resources in non-EU countries 9

2.3.1. Signatures on EIB Own Resources in non-EU countries (excluding signatures on EIB own risk under Pre-Accession and Mediterranean Partnership facilities) 9

2.3.2. Breakdown by country and sector of EIB lending in 2006 10

a) South-Eastern Neighbours 10

b) Russia and Western Newly Independent States (WNIS) 12

c) In the Mediterranean Countries 12

d) Asia and Latin America 14

e) Republic of South Africa 15

2.3.3. Co-financing in 2006 in the South-Eastern Europe 16

2.3.4. Co-financing in 2006 in the Mediterranean countries 18

2.3.5. Co-financing in 2006 in the countries of Asia and Latin America 19

2.3.6. Loans signed in 2006 in the South-Eastern Neighbours 21

2.3.7. Loans signed in 2006 in the Mediterranean countries 23

2.3.8. Loans signed in 2006 in Asia and Latin America 24

2.3.9. Loans signed in 2006 in the Republic of South Africa 25

2.4. Breakdown by region and sector of EIB lending in 2006 in the ACP/OCT 26

2.5. Interest subsidies paid under the various Community mechanismsfrom 1995 to 2006 28

1. BORROWING ACTIVITIES IN 2006

1.1. Trends in borrowing and lending

EUR million

(1) | The ECSC Treaty expired in 2002. |

(2) | Mechanism for providing Balance of Payments support for Member States and financial assistance for non-member States. |

(3) | The Euratom loans instrument is available for financings to Member States and certain non-Member States. |

(4) | Loans signed from own resources (with and without guarantees from the EU budget), no account being taken of the guarantees provided by the EIB to promoters. |

Graph: trends in borrowing and lending activities from 1996 (in EUR million)

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1.2. Borrowing of the European Institutions: outstanding at the end of each period (1)

EUR million

ECSC | EC (NCI) | Euratom | European Community | Commission Sub-total | EIB (2) | Total borrowing |

1982 | 6 178 | 1 747 | 1 272 | 591 | 9 788 | 16 570 | 26 358 |

1983 | 6 539 | 3 269 | 1 680 | 4 610 | 16 098 | 20 749 | 36 847 |

1984 | 7 119 | 4 432 | 1 892 | 4 932 | 18 375 | 25 007 | 43 382 |

1985 | 7 034 | 4 960 | 2 013 | 3 236 | 17 243 | 26 736 | 43 979 |

1986 | 6 761 | 5 202 | 2 168 | 1 890 | 16 021 | 30 271 | 46 292 |

1987 | 6 689 | 5 229 | 2 500 | 2 997 | 17 415 | 31 957 | 49 372 |

1988 | 6 825 | 5 514 | 2 164 | 2 459 | 16 962 | 36 928 | 53 890 |

1989 | 6 738 | 5 122 | 1 945 | 2 075 | 15 880 | 42 330 | 58 210 |

1990 | 6 673 | 4 542 | 1 687 | (3) 2 045 | 14 947 | 48 459 | 63 406 |

1991 | 7 139 | 3 817 | 1 563 | 3 516 | 16 035 | 58 893 | 74 928 |

1992 | 7 327 | 3 326 | 1 338 | 4 026 | 16 017 | 67 784 | 83 801 |

1993 | 7 331 | 2 202 | 1 018 | 5 204 | 15 755 | 78 661 | 94 416 |

1994 | 6 548 | 1 570 | 779 | 7 697 | 16 594 | 83 673 | 100 267 |

1995 | 5 966 | 1 113 | 720 | 8 032 | 15 831 | 87 079 | 102 910 |

1996 | 4 677 | 748 | 572 | 6 666 | 12 663 | 96 649 | 109 312 |

1997 | 3 637 | 218 | 118 | 5 853 | 9 826 | 110 394 | 120 220 |

1998 | 2 806 | 168 | 28 | 4 166 | 7 168 | 123 767 | 130 935 |

1999 | 2 432 | 130 | 12 | 4 074 | 6 648 | 146 223 | 152 871 |

2000 | 2 039 | 90 | 1 566 | 3 695 | 159 860 | 163 555 |

2001 | 1 386 | 19 | 40 | 1 614 | 3 059 | 176 027 | 179 086 |

2002 | 713 | 18 | 80 | 1 361 | 2 172 | 181 167 | 183 339 |

2003 | 431 | 16 | 105 | 1 356 | 1 908 | 194 505 | 196 413 |

2004 | 423 | 170 | 1 214 | 1 807 | 214 825 | 216 632 |

2005 | 440 | 385 | 1 080 | 1 905 | 248 283 | 250 188 |

2006 | 436 | 436 | 969 | 1 841 | 246 576 | 248 417 |

(1) | The conversion rates used are those of 31 December of each year. As the majority of borrowings are denominated in national currency, the difference between two year-ends reflects on the one hand changes in the valuation of existing stock due to exchange rates fluctuations and on the other the net volume of borrowings during the year. Original amount of borrowings, plus or minus repayments of the principal, cancellations, annulments and exchange-rate adjustments. |

(2) | As from 1989, including short term. |

(3) | As from 1990, including macro-financial assistance for non-member States. |

1.3. Borrowing of the European Institutions in 2006 by currency

EUR million (rounded)

EIB | European Communities (EC, Euratom)(3) | Total borrowing | 2006 % |

(3) Macro-financial assistance to non-member States and Euratom lending. |

(4) EU currency as of 01.01.2007. |

(5) Difference before/after SWAP due to exchange-rate fluctuations. |

2. LENDING IN NON-MEMBER STATES

2.1. Lending in non-member States in 2006 – Overview

EUR million

European Communities | EIB(2) | TOTAL |

Euratom (1) | EC Macro-financial assistance(1) | Budget and EDF resources(3) | Own resources |

SEN - South Eastern Neighbours(4) | 51(5) | 19(6) | 1 336 | 1 406 |

MED - Mediterranean basin | 905 | 905 |

ALA - Latin America and Asia | 483 | 483 |

RSA - South Africa | 80 | 80 |

ACP-OCT countries(7) | 578 | 167 | 745 |

Russia | 0 | 0 |

Total | 51 | 19 | 578 | 2 971 | 6 619 |

(1) | Disbursements. |

(2) | Signatures, excluding lending at own risk of the EIB. |

(3) | Granted and administered by the EIB out of the budgetary resources of the EC or the European Development Fund (EDF). |

(4) | This new grouping follows Council Decision 2005/47/EC. |

(5) | Bulgaria and Romania. |

(6) | Albania and Bosnia and Herzegovina. |

(7) | Africa, Caribbean, Pacific / Overseas Countries and Territories. |

2.2. Loan disbursements for macro-financial assistance to non-member States 2000-2006

EUR million

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | Total |

Bulgaria | 60 | 60 |

Romania | 100 | 50 | 150 |

Subtotal "Enlargement" countries (Member States as of 01.01.2007) | 160 | 0 | 0 | 50 | 0 | 0 | 0 | 210 |

Albania(1) | 9 | 9 |

Bosnia and Herzegovina(2) | 10 | 10 | 10 | 30 |

fYRoM(3) | 10 | 12 | 28 | 50 |

Serbia and Montenegro(4) | 225 | 40 | 15 | 280 |

Subtotal Other Western Balkans(5) | 0 | 245 | 12 | 68 | 10 | 15 | 19 | 369 |

Armenia(6) | 0 |

Georgia(6) | 0 |

Tajikistan(7) | 60 | 60 |

Ukraine | 0 |

Subtotal NIS | 0 | 60 | 0 | 0 | 0 | 0 | 0 | 60 |

Grand Total | 160 | 305 | 12 | 118 | 10 | 15 | 19 | 639 |

(1) | A grant of EUR 3 million was disbursed to Albania in 2005 and a further grant of EUR 13 million in 2006. |

(2) | Disbursement of the loan was accompanied by disbursements of grants of EUR 10 million in 2000. A further grant of EUR 15 million was paid in 2001 and of EUR 25 million in 2003. In 2005 EUR 15 million grants were disbursed. |

(3) | Former Yugoslav Republic of Macedonia. Grants totalling EUR 20 million were disbursed in 2000, followed by a further grant of EUR 10 million in 2001, one of EUR 10 million in 2002 and another one of EUR 18 million in 2003. |

(4) | One grant of EUR 115 million was paid to Serbia and Montenegro in 2002, one of EUR 35 million in 2003, one of EUR 10 million in 2004 and another one of EUR 25 million in 2005. |

(5) | Grants of EUR 35 million and EUR 7 million were disbursed to Kosovo and Montenegro respectively in 2000. In 2001 EUR 35 million were disbursed to Kosovo and EUR 13 million to Montenegro, granted in the form of budgetary support. In the same year a further grant of EUR 15 million was disbursed to Kosovo, followed by another one of EUR 15 million in 2002. |

(6) | Exceptional financial assistance. These loan disbursements to Armenia and Georgia were supplemented by the disbursement of grants totalling respectively, EUR 8 million and EUR 10 million in 1998 and EUR 4 million and EUR 9 million in 1999. A further grant of EUR 6 million was made to Georgia in 2001. A grant of EUR 11 million was paid to Armenia in 2002. Further grants to Armenia EUR 5.5 million and Georgia EUR 6.5 million were paid in 2004. In 2005 1.5 million grants was paid to Armenia. In 2006, Georgia received two grants of EUR 11 million each. |

(7) | This loan was accompanied by the disbursement of grants totalling EUR 14 million. A further grant of EUR 7 million was paid in 2003 (although decided in 2002), in 2005 for the same amount as well as in 2006. |

2.3. Signatures on EIB Own Resources in non-EU countries

2.3.1. Signatures on EIB Own Resources in non-EU countries (excluding signatures on EIB own risk under Pre-Accession and Mediterranean Partnership facilities)

EUR million

Turkey | 6 | 753 | 603 | 50 | 100 |

100% | 80% | 7% | 13% |

Serbia and Montenegro | 6 | 277 | 5 | 102 | 80 | 90 |

100% | 2% | 37% | 29% | 32% |

Romania | 5 | 171 | 108 | 63 |

100% | 63% | 37% |

Bosnia and Herzegovina | 4 | 95 | 40 | 55 |

100% | 42% | 58% |

Albania | 2 | 31 | 18 | 13 |

100% | 59% | 41% |

FYROM | 1 | 10 | 10 |

100% | 100% |

Total | 24 | 1 337 | 113 | 826 | 143 | 155 | 100 |

100% | 8% | 62% | 11% | 12% | 7% |

In 2006, the Bank signed 24 loan contracts for an aggregate amount of EUR 1,337 million in 6 South East European countries. The majority (56%) of loans was absorbed by Turkey. The overall geographical distribution of the lending activity in the region is illustrated below:

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- In terms of sectoral distribution, transport and communications sector remained the main focus of EIB lending in South Eastern Europe with loans signed for EUR 826 million, representing 62% of total lending. Regional integration was fostered i.e. by improving road, rail, ferry and port infrastructure. The largest projects in Turkey include the construction of a high-speed railway between Istanbul and Ankara as well as the purchase of rolling stock to be used on the rail track connecting the European side of Istanbul with suburban Gedze on the Asian side in a tunnel under the Bosphorus. Loans were also made for the rehabilitation of sections of the Serbian rail network, for the repair of roads and bridges in Serbia and Montenegro, for the modernisation of the metro in Bucharest and for the construction of a new passenger ferry terminal for the Port of Durres in Albania.

- Global loans in support of small and medium scale ventures totalling EUR 155 million accounted for 12% of lending activity, including loans of EUR 90 million to Serbia and Montenegro, EUR 55 million to Bosnia and Herzegovina and EUR 10 million to the former Yugoslav Republic of Macedonia (fYRoM).

- Health and education accounted for 11% of total lending (EUR 143million) and consisted of education development in Turkey and Albania, as well as upgrading of four tertiary care hospitals in Serbia and Montenegro.

- Water management and related infrastructure , with loans for EUR 113 million represented 8% of total lending and consisted of four projects in Romania and one in Serbia and Montenegro.

- Finally, financing to the energy sector consisted of the extension and upgrading of electricity distribution networks in Turkey (EUR 100 million or 7% of total lending in the region).

b) Russia and Western Newly Independent States (WNIS) [1]

No new loans were signed in this region in 2006 but a first loan of EUR 200million was approved for Ukraine in favour of rehabilitation of M-06 motorway between Kiev and Brody. This project will be co-financed with the EBRD.

c) In the Mediterranean Countries

EUR million

Country | No. of loans | Total loan signatures | Energy | Water & Infra-structure | Industry & Services | Health & Education | Global Loans |

Egypt | 4 | 351 | 180 | 131 | 40 |

100% | 51% | 37% | 11% |

Morocco | 3 | 280 | 170 | 40 | 70 |

100% | 61% | 14% | 25% |

Tunisia | 2 | 154 | 114 | 40 |

100% | 74% | 26% |

Israel | 1 | 75 | 75 |

100% | 100% |

Syria | 1 | 45 | 45 |

100% | 100% |

Total | 11 | 905 | 464 | 125 | 131 | 70 | 115 |

100% | 51% | 14% | 14% | 8% | 13% |

By the end of 2006, the Bank had fully committed the EuroMed II mandate. During 2006, loans amounting to EUR 905 million were signed in favour of 11 projects in five countries.

Lending was well spread within the region, as illustrated below:

[pic]

- In line with EU priorities for sustainable energy development, competitiveness and security of energy supply, the bulk of EIB lending in the Mediterranean was directed towards the energy sector . EUR 464 million (51% of total financing) contributed to the construction of gas and dual-fired power plants in Egypt and Tunisia, a gas transmission line in Egypt and a rural electrification programme in Morocco;

- 14% of total lending went to the industry sector , for the financing of a methanol plant in Egypt. The EUR 131 million loan provided under the EuroMed II mandate was complemented by a loan from EIB’s own resources without budgetary guarantee under the Mediterranean Partnership Facility;

- Water management and sundry infrastructure sector , with loans for EUR 125 million represented also 14% of total lending and consisted of wastewater collection and treatment projects in Morocco and Tunisia as well as rural water and sanitation project in Syria;

- Global loans of EUR 115 million (13% of total financing) were made in support of small and medium-scale ventures in Israel and Egypt - the former resuming EIB activity in Israel after ten years of absence, and the latter being specifically targeted to the financing of industrial pollution abatement schemes;

- Finally, a loan of EUR 70 million was extended for the renovation and modernisation of healthcare facilities in Morocco representing 8% of total financing in the health and education sector .

d) Asia and Latin America

EUR million

Country | No. of loans | Total loan signatures | Communications | Industries& Services | Global loans |

Sri Lanka | 2 | 120 | 120 |

100% | 100% |

Colombia | 1 | 100 | 100 |

100% | 100% |

Maldives | 1 | 50 | 50 |

100% | 100% |

Brazil | 1 | 40 | 40 |

100% | 100% |

Ecuador | 1 | 40 | 40 |

100% | 100% |

Peru | 1 | 40 | 40 |

100% | 100% |

Vietnam | 1 | 38 | 38 |

100% | 100% |

Pakistan | 1 | 35 | 35 |

100% | 100% |

Honduras | 1 | 20 | 20 |

100% | 100% |

Total | 10 | 483 | 200 | 113 | 170 |

100% | 41% | 23% | 35% |

The Bank signed 10 loan contracts for an amount of EUR 483 million in 9 countries. This represents almost a doubling of the lending volume as compared with the previous year (EUR 256 million signed in 2005).

The new signatures were equally spread between Asia and Latin America, each representing 50% of the total. The detailed geographical distribution of loans signed in 2006 is illustrated below:

[pic]

- In Latin America, a large part of financing went to the design and upgrading of digital mobile phone networks in Colombia, Ecuador and Peru. With a further loan for the construction of the Honduran road corridor connecting the Atlantic with the Pacific Coast, total financing to the communications sector represented 41% (EUR 200 million).

- In Asia, the EIB contributed to international and EU efforts to alleviate the impact of natural disasters in the region, notably through global loans (EUR 170 million accounting for 35% of total lending), with two dedicated to finance post-tsunami reconstruction in the Maldives and Sri Lanka.

- A further contribution to the reconstruction efforts in Asia was a loan in favour of the construction of a cement plant in earthquake-hit Pakistan. Together with financing for wholesale stores in Vietnam and tyre manufacturing in Brazil, loans in favour of the industry and services sector accounted for 23% of total financing (EUR 113 million).

e) Republic of South Africa

Constrained by the imminent expiry of the mandate and the resulting limited availability of funds in 2006, the Bank signed one new loan of EUR 80 million to support South Africa’s state-owned electricity utility in the construction of a new high voltage power transmission interconnection between Johannesburg and Cape Town.

2.3.3. Co-financing in 2006 in the South-Eastern Europe

EUR million

Country | Description | Cost | EIB loan signed | Further EIB financing foreseen | Community Programmes (1) | Multi-/Bilateral institutions | Other (2) |

Albania | First phase of national plan for improving quality of educational results, expanding secondary education coverage and preparing for tertiary education reform | 62 | 13 | 25 | 24 |

Construction of new passenger ferry terminal and ancillary facilities at Port of Durrës | 40 | 18 | 2 | 14 | 6 |

Bosnia and Herzegovina | Rehabilitation of 55 sections of road with total length of around 1 105 km in Republika Srpska | 80 | 40 | 38 | 2 |

Romania | Construction of wastewater treatment plant in Bucharest | 108 | 25 | 70 | 10 | 3 |

Infrastructure development programme for small and medium-sized towns (2nd phase) | 58 | 29 | 22 | 0 | 7 |

Rehabilitation and expansion of sewerage systems in six municipalities | 182 | 42 | 131 | 9 |

Priority improvement schemes in the water sector (water supply and wastewater infrastructure) and in the waste management sector | 50 | 12 | 37 | 1 |

Serbia and Montenegro | Rehabilitation and construction of municipal water and sanitation infrastructure | 114 | 5 | x | 2 | 36 | 71 |

Rehabilitation of railway lines on Corridor X and upgrading of rolling stock | 160 | 80 | 2 | 61 | 17 |

Modernisation, redevelopment and extension of four tertiary care hospitals in Serbia (Belgrade, Niš, Novi Sad and Kragujevac) | 430 | 80 | 39 | 26 | 286 |

Turkey | Purchase of trains to operate commuter services on Bosphorus tunnel and commuter rail system in metropolitan area of Istanbul | 930 | 400 | 450 | 80 |

Extension of Istanbul's mass transport system through expansion of ferry fleet | 83 | 18 | x | 42 | 23 |

(1) | PHARE, ISPA, CARDS, EAR. |

(2) | Including further EIB financing to be signed, funds of states, promoters and commercial banks. |

EUR million

Country | Description | Cost | EIB loan signed | Further EIB financing foreseen | Community Programmes (1) | Multi-/Bilateral institutions | Other (2) |

Creation of 6800 IT classrooms in some 5100 primary schools throughout Turkey | 263 | 50 | x | 120 | 93 |

Upgrading and extension of national electricity distribution networks | 650 | 100 | 205 | 345 |

Construction of high-speed railway line between Istanbul and Ankara | 2 566 | 120 | x | 322 | 2 124 |

5 776 | 1 032 | 304 | 1 349 | 3 090 |

(1) | PHARE, ISPA, CARDS, EAR. |

(2) | Including further EIB financing to be signed, funds of states, promoters and commercial banks. |

2.3.4. Co-financing in 2006 in the Mediterranean countries

Country | Project | Cost | EIB | Interest subsidy | Multilateral institutions | Bilateral institutions | Other (1) |

Egypt | Financing of industrial pollution abatement schemes, mainly in Greater Alexandria and Greater Cairo | 145 | 40 | x | 16 | 73 | 16 |

Construction of two natural gas-fired combined-cycle power generation units in El Atf and Sidi Krir(2) | 753 | 130 | 81 | 79 | 463 |

Morocco | Construction of wastewater collection and treatment facilities | 87 | 40 | x | 25 | 10 | 12 |

Phase II of final part of rural electrification programme in Morocco | 701 | 170 | 48 | 125 | 358 |

Tunisia | Upgrading and extension of wastewater collection networks and treatment plants in various cities | 123 | 40 | x | 83 |

Construction and operation of dual-fired combined-cycle power plant in Ghannouch | 228 | 114 | 70 | 44 |

Syria | Water and sanitation networks in 14 municipalities | 90 | 45 | x | 8 | 37 |

Total | 2 127 | 579 | 248 | 370 | 930 |

(1) | Including funds of states, promoters and commercial banks. |

(2) | Further EIB financing of EUR 130 million foreseen. |

2.3.5. Co-financing in 2006 in the countries of Asia and Latin America

EUR million

Country | Project | Cost | EIB | Multilateral institutions | Bilateral institutions | Other |

Honduras | Construction, extension and repair of Honduran Logistical Corridor | 103 | 20 | 8 | 17 | 58 |

Total | 103 | 20 | 8 | 17 | 58 |

Table 2.3.5 (a) Mutual interest of projects in the countries of Asia and Latin America

Country | Project | Mutual interest |

Sri Lanka | Financing of small and medium-scale private sector ventures in industrial, tourism and other service sectors affected by the Tsunami | waived (reconstruction) |

Financing for small and medium-scale ventures | The global loan contributes to the economic development of Sri Lanka through the provision of long-term loan finance to profitable companies with EU mutual interest. |

Colombia | Design and upgrading of digital mobile communications network in Colombia | Apart from promoting local economic development, the project will transfer economic and technological knowledge by supporting a well-established European company diversifying through FDI into Latin America. By migrating the local subscriber base to GSM, the project will also support the EU policy goal of promoting interoperable technologies. |

Maldives | Financing of projects in regions affected by Tsunami | waived (reconstruction) |

Brazil | Extension and upgrading of two existing tyre plants | The project assists a European company with significant presence worldwide to successfully expand its operations and reinforce its market position and profitability in the Brazilian market. Also, the investment is expected to have a sizeable impact on regional development: it is estimated to generate about 180 direct jobs in the region, which has an official unemployment rate of roughly 8% and very low social cohesion. |

Ecuador | Design and upgrading of digital mobile communications network in Ecuador | see above (Colombia) |

Peru | Design and upgrading of digital mobile communications network in Peru | see above (Colombia) |

Vietnam | Construction of five ‘junior’ self-service wholesale stores in Can Tho, Ho Chi Minh City, Hanoi, Haiphong and Da Nang | The project supports a leading EU company to grow outside its home market. It will also provide technical assistance for the improvement of the quality of local fresh food production, distribution, transport and storage as well as training in quality, hygienic standards; an important cooperation programme is being implemented jointly by Metro and ‘Deutsche Investitions und Entwicklungsgesellschaft’ (DEG) (Germany). Job opportunities will be created for the local labour market in the retail/wholesale sector. |

Pakistan | Construction and operation of cement plant on greenfield site in Chakwal (centre) | The loan supports a long-term partnership between a EU technology provider and an Asian company, which includes inter alia transfer of expertise with regard to operation and maintenance, staff training and the introduction of high international environmental standards. It contributes directly to the industrial development of the country and the economic diversification of a particularly poor rural region. |

Honduras | Construction, extension and repair of Honduran Logistical Corridor | The project involves construction and consultancy performed by European companies. Furthermore, the project forms part of Plan Puebla Panama corridors fostering regional integration. |

2.3.6. Loans signed in 2006 in the South-Eastern Neighbours

Country | Description | Loan (EUR million) | Risk sharing |

Turkey | Purchase of trains to operate commuter services on Bosphorus tunnel and commuter rail system in metropolitan area of Istanbul | 400.00 | No |

Extension of Istanbul's mass transport system through expansion of ferry fleet | 17.83 | Yes |

Implementation of first line of rail-based rapid transit system in conurbation of Samsun on Black Sea | 65.00 | No |

Creation of 6800 IT classrooms in some 5100 primary schools throughout Turkey | 50.00 | No |

Upgrading and extension of national electricity distribution networks | 100.00 | No |

Construction of high-speed railway line between Istanbul and Ankara | 120.00 | No |

Total | 752.83 |

Serbia and Montenegro | Rehabilitation and construction of municipal water and sanitation infrastructure | 5.00 | No |

Financing for small and medium-scale ventures | 40.00 | Yes |

Rehabilitation of roads and bridges throughout country | 22.00 | No |

Financing for small and medium-scale infrastructure schemes | 50.00 | Yes |

Rehabilitation of railway lines on Corridor X and upgrading of rolling stock | 80.00 | No |

Modernisation, redevelopment and extension of four tertiary care hospitals in Serbia (Belgrade, Niš, Novi Sad and Kragujevac) | 80.00 | No |

Total | 277.00 |

Romania | Construction of wastewater treatment plant in Bucharest | 25.00 | No |

Infrastructure development programme for small and medium-sized towns | 29.45 | No |

Upgrading of rolling stock and improvement of Bucharest metro's infrastructure | 63.00 | No |

Rehabilitation and expansion of sewerage systems in six municipalities | 41.50 | No |

Priority improvement schemes in the water sector (water supply and wastewater infrastructure) and in the waste management sector | 12.23 | No |

Total | 171.18 |

Bosnia-Herzegovina | Financing of small and medium-scale infrastructure schemes | 20.00 | Yes |

Financing for small and medium-scale ventures | 25.00 | Yes |

Rehabilitation of 55 sections of road with total length of around 1 105 km in Republika Srpska | 40.00 | No |

Financing for small and medium-scale ventures | 10.00 | Yes |

Total | 95.00 |

Albania | First phase of national plan for improving quality of educational results, expanding secondary education coverage and preparing for tertiary education reform | 12.50 |

Construction of new passenger ferry terminal and ancillary facilities at Port of Durrës | 18.00 |

Total | 30.50 |

fYRoM | Financing for small and medium-scale ventures | 10.00 |

Total | 10.00 |

Grand total | 1 336.51 |

2.3.7. Loans signed in 2006 in the Mediterranean countries

Country | Description | Loan (EUR million) | Risk sharing |

Egypt | Financing of industrial pollution abatement schemes, mainly in Greater Alexandria and Greater Cairo | 40.00 | No |

Construction of two natural gas-fired combined-cycle power generation units in El Atf and Sidi Krir | 130.00 | No |

Construction of gas transmission pipeline between Abu Qurqas and Asyut in south of Egypt | 50.00 | No |

Design, construction and commissioning of world-scale methanol plant, located on greenfield site in industrial port of Damietta on Mediterranean coast | 131.00 | Yes |

Total | 351.00 |

Morocco | Renovation and modernisation of healthcare facilities and medical equipment | 70.00 | No |

Construction of wastewater collection and treatment facilities | 40.00 | No |

Phase II of final part of rural electrification programme in Morocco | 170.00 | No |

Total | 280.00 |

Tunisia | Upgrading and extension of wastewater collection networks and treatment plants in various cities | 40.00 | No |

Construction and operation of dual-fired combined-cycle power plant in Ghannouch | 114.00 | No |

Total | 154.00 |

Israel | Financing for small and medium-scale venture | 75.00 | Yes |

Total | 75.00 |

Syria | Water sanitation networks in 14 municipalities | 45.00 | No |

Total | 45.00 |

Grand total | 905.00 |

2.3.8. Loans signed in 2006 in Asia and Latin America

Country | Description | Loan (EUR million) | Risk sharing |

Sri Lanka | Financing of small and medium-scale private sector ventures in industrial, tourism and other service sectors affected by the Tsunami | 70.00 | No |

Financing for small and medium-scale ventures | 50.00 | No |

Total | 120.00 |

Colombia | Design and upgrading of digital mobile communications network in Colombia | 100.00 | Yes |

Total | 100.00 |

Maldives | Financing of projects in regions affected by Tsunami | 50.00 | No |

Total | 50.00 |

Brazil | Extension and upgrading of two existing plants, one producing truck and bus tyres in Campo Grande and the other steel cord for use in tyres in Itatiaia (near Resende) (State of Rio de Janeiro) | 40.00 | Yes |

Total | 40.00 |

Ecuador | Design and upgrading of digital mobile communications network in Ecuador | 40.00 | Yes |

Total | 40.00 |

Peru | Design and upgrading of digital mobile communications network in Peru | 40.00 | Yes |

Total | 40.00 |

Vietnam | Construction of five ‘junior’ self-service wholesale stores in Can Tho, Ho Chi Minh City, Hanoi, Haiphong and Da Nang | 38.00 | Yes |

Total | 38.00 |

Pakistan | Construction and operation of cement plant on greenfield site in Chakwal (centre) | 35.00 | Yes |

Total | 35.00 |

Honduras | Construction, extension and repair of Honduran Logistical Corridor | 20.00 | No |

Total | 20.00 |

Grand total | 483.00 |

2.3.9. Loans signed in 2006 in the Republic of South Africa

Country | Description | Loan (EUR million) | Risk sharing |

RSA | Construction of high voltage power transmission interconnection between Johannesburg and Cape Town | 80.00 | No |

Total | 80.00 |

2.4. Breakdown by region and sector of EIB lending in 2006 in the ACP/OCT

2.4.1. Breakdown by region

EUR million

Own Resources | EDF resources | Total |

ACP/OCT(1) | 167 | 578 | 745 |

Africa | 133 | 431 | 564 |

Regional | 0 | 43 | 43 |

West | 115 | 103 | 218 |

Southern and Indian Ocean | 18 | 128 | 146 |

East | 0 | 56 | 56 |

Central & Equatorial | 0 | 101 | 101 |

Caribbean | 10 | 31 | 41 |

Pacific | 24 | 13 | 37 |

OCT | 0 | 0 | 0 |

Regional ACP | 0 | 104 | 104 |

(1) | Africa, Caribbean, Pacific / Overseas Countries and Territories. |

EUR million

2.4.2. Breakdown by sector

Energy | Communi-cations | Water-management & Agriculture | Industry & Services | Global Loans | Total |

ACP/OCT(1) | 132 | 79 | 51 | 266 | 217 | 745 |

Africa | 98 | 75 | 48 | 222 | 121 | 564 |

Regional | 43 | 43 |

West | 33 | 75 | 55 | 55 | 218 |

Southern and Indian Ocean | 31 | 102 | 13 | 146 |

East | 17 | 4 | 35 | 56 |

Central & Equatorial | 65 | 18 | 18 | 101 |

Caribbean | 10 | 4 | 21 | 6 | 41 |

Pacific | 24 | 4 | 9 | 37 |

OCT | 0 |

Regional ACP | 13 | 90 | 104 |

(1) | Africa, Caribbean, Pacific / Overseas Countries and Territories. |

2.5. Interest subsidies paid under the various Community mechanisms from 1995 to 2006

ECU/EUR million

EC-subsidies | EIB-subsidies |

Financial year | Natural disasters | Trans-European Networks | EDF | MEDA | BOSNIA | FYROM |

1995 | 6.1 | 25.0 | 28.1 | 15.2 |

1996 | 4.3 | 18.0 | 28.6 | 22.4 |

1997 | 4.0 | 37.0 | 56.9 | 48.2 |

1998 | 2.8 | 20.0 | 24.5 | 30.3 | 2.7 |

1999 | 2.2 | 71.0 | 27.1 | 29.2 | 4.0 |

2000 | 1.7 | 54.0 | 18.7 | 17.4 | 1.1 |

2001 | 1.3 | 15.0 | 14.5 | 26.6 | 2.3 |

2002 | 0.9 | 14.3 | 19.9 | 19.1 | 1.0 | 2.5 |

2003 | 0.6 | 4.0 | 7.75 | 29.65 |

2004 | 0.3 | 13.26(1) | 9.0 | 23.98 | 2.76 | 1.31 |

2005 | 0.2 | 0.39 | 21.95 | 5.5 |

2006 | 0.1 | |2.45 |20.80 |0.63 | | |(1) Revised figure.

[1] Ukraine, Moldova, Belarus.