ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(80)466
Vol.1980/0161

Disclaimer
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COMMISSION
OFTHE
EUROPEAN COMMUNITIES
GeneralSecretariatCOM(80)466 final
Brussels,28July1980
FOROFFICIAL USEONLY
REQUEST FORASSENT,PURSUANT TOART.56.2.a)OFTHEECSCTREATYTO
GRANTING AGLOBALLOANTOTHESOCIETEREGIONALE D'INVESTISSEMENT
DEWALLONIE.BELGIQUE .
(Communication fromtheCommission totheCouncil)
C0MC80)466final

COMMISSION
OFTHE
EUROPEANCOMMUNITIES
Internaldocument
Communication totheCouncil
deWallonie,Belgique
THEINTERMEDIARY FINANCIALN°:302
ADDlicant
ReqisteredOff]ceSocieteReqionaled'InvestissementdeWallome;
afinanciaIcompanysetuptofurther,nustr,al
investmentandcreatenewjobsintheWallome
region.
Namur
Parentcompanyof
•tapplicant
II.BENEFICIARIES
Fieldofactivityof
ofbeneficiariesTheKingdomofBelgium
SildiitHhut.theglobalLoantoS«E
forthecreationofnewjobs.
Manufactoring industryandservices.
<5
P.ovislonoloddress:RuedeloLoi200,B-1040Brusse»tC0^EURBRU21877ITelephone350040-358040-Telegrophieodd.ess:.COMEURBrusses

-2-
III.THEPROJECT
Procédure
TheCommissionwillmakeFB1,500millionavailabletotheSRIW;fundwill
bedisbursedintranches,withinaperiodofthreeyearsmaximum,following
subsidiary loanscontractedforeligiblenowactivities.
Ineachofthethreeareas,organisations appointedinagreementwiththe
Commissionwillbeputin.chargeofpromotionofneweligibleactivities.
Eachindustrialprojectwillbesubmittedbeforhandtotheapprovalofthe
Commission,inaccordance withthecriteriaandobjectivespublishedin
O.J.N°C178/2of27July1977andinO.J.N°C82/8of29March1979.
TheSRIWandthethreeintermediary bodieswillreporttotheCommission
eachsixmonthsontheimplementation ofthegloballoanandeachyear
onthereemployment offormerECSCworkersbynewactivitiesthatobtained
subsidiary loans.
Globalamountofinvestment :MinimumFB3,000million
(+75MEUA)
IV.THEREGION
Projectlocation :TheECSCreconversion areasofLiege,
Charleroi andAthus.
Unemployment rate :Ragingfrom8%to18%.
Nationalaidstatusofproject :Development areas
areas
TheECSCindustryhasbeenadominantemployerinthearea.
V.CONFORMITY WITHART.56OFTHEECSCTREATY
ECSCredundanciesinproject.Liège6500approximatefigures
areas Charleroi6000)since19?7Athus 2500)
AttheLaststagesofcoalmineclosures(31«12«79and31.3.80)1500jobswere
shed.FromOct.1979untilend1980between2800and3900joblossesare
excepted.
Jobcreationofprojects ":2000minimumsuitableforformerECSC
workers.
Training :Governmenttrainingcourseswithinthe
frameworkofreemployment legislation.

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TheCommissionconsidersthattherequestcomplieswithArt.562a)of
theECSCTreatyandthatthenewjobopportunities offeredbytheprojects
arecapableofabsorbingredundant ECSCworkersintoproductiveemployment.
VI.RECONVERSION LOAN
Loanrequested :FB1,500million
Loangranted:TheCommission hasapprovedaloanof
FB1,500million(about37.5MEUA)or
equivalenttotheabovementionedcompany,^
inaccordancewithArt.56operatingpolicies
(O.J.N°C82/8of29March1979).
Interestrebate 3%pointsperyearforfiveyearson
37.5MEUA.
Jobbasisofinterestrebate1075
VII.COUNCILASSENT
TheCommissioninvitestheCounciltogiveitsassenttotheforegoing
decision.