ARCHIVES HISTORIQUES 
DE LA COMMISSION 
 
 
 
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DOCUMENTS "COM" 
 
 
 
 
COM (84) 495 
 
 
 
Vol. 1984/0 201 
  
 
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 openin g to the public of the historical archives of the European Econom ic 
Communit y and the European Atom ic 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 fi le 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 1983  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
General SecretariatC 0M (84) 495 final 
Brussels, 12 September 1
FOR OFFICIAL USE ONLY
C O M M U N I T Y  G U A R A N T E E  F O R  A N  E IB  L O A N  T O  
Y O G O S L A V I A
(Commission Communication to the Council)
C 0 M C 8 4 ) 495 final

1. Introduction
The Financial Protocol annexed to the Cooperation Agreement between the 
Com m unity and Yugoslavia signed in April 1980 and expiring on 30 June 1985 
stipulates that the European Investment B ank m a y  m ake an aggregate am ount of 
200 million E C U  available to Yugoslavia in loans from its o w n  resources as a  
contribution to the financing of projects of mutual interest.
These funds have n o w  all been used for three projects concerning the 
electricity grid, the development of road infrastructure and the improvement 
of the rail network.
2. Additional loan not covered by the Protocol
Outside the framework of this Protocol, Yugoslavia has asked the European 
Investment B ank for an additional loan of 60 million E C U  to finance the building 
two n ew  sections.of the trans-Yugoslavia motorway and a  tunnel through the 
Karawanken (see technical details annexed).
This project is of great interest for the Com m unity in that it would, 
am ong other things, lead to an  improvement in communications between the 
various regions of the Community.
O n  4  June 1984, pursuant to the second paragraph of Article 1 8  (1) of its 
Statute and after having received the unanimous authorization of the Board of 
Governors, the Bank's Board of Directors approved a loan of 60 million E C U  
from its o w n  resources as a  contribution to the financing of the above-mentioned 
project. The B ank also held that this loan should be secured by the Com m unity 
guarantee authorised by the Council decision of 8  M arch 1977, which m a y  cover 
7 5 %  in total of all funds for the Bank's operations in the Mediterranean 
countries.
3. The Com m unity guarantee-
In view of the particular interest this project has for the Community, the 
Commission proposes that the Council include this E IB  loan under the overall 
guarantee and take the following decision :

-  2-
"The Council has decided that the Community's overall guarantee covering 
7 5 %  of all funds for the European Investment Bank's operations in the 
Mediterranean countries, authorized by the Council's decision of 8  M arch 1977, 
shall be extended on the sam e terms to the loan of 60 million E C U  from its 
o w n  resources that the B an k ; pursuant to the second paragraph of Article 1 8  (1) 
of its Statute, decided on 4  June 1984to grant to Yugoslavia as a  contribution 
to the financing of priority sections of the trans-Yugoslavia motorway and the 
tunnel through the Karawanken".
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V

A P P E N D IX
T E C H N IC A L  D A T A
Borrower :  Respective R oad Organisations responsible for the implementation 
of the proposed construction works in their Republic
Guarantor :  Consortium of Yugoslav Banks, counter-guaranteed by the Socialist
Federal Republic of Yugoslavia (as for the former two Trans-Yugoslav 
Highway operations).
Project :  Construction of about 27.5 k m  of roads forming part of the
Trans-Yugoslav H ighw ay plus the construction of a  tunnel through 
the Karawanken, linking the Tauern motorway in Austria- with the T Y H . 
The tunnel will be about 8  k m  long and half will be constructed 
o n Yugoslav territory
Cost 220 million E C U S C in  Yugoslavia )
E IB  financing :  60 million E C U S