I 
p COMMISSION OF THE EUROPEAN COMMUNITIES 
Brussels, 11.07.1995 
COM(95) 329 final 
94/ 0258 (CNS) 
Amended proposal for a 
COUNCIL DECISION 
relating to exceptional Community aid for the reconstruction of the 
areas stricken by the cyclone that hit Madeira in OcSber"993 
(presented by the Commission pursuant to Article 189 a (2) 
of the EC-Treaty) 
% 

EXPLANATORY MEMORANDUM 
On 7 April 1995, the European Parliament adopted an opinion on the proposal for a Council 
Decision relating to exceptional Community aid for the reconstruction of the areas stricken 
by the cyclone that hit Madeira in October 1993. 
Three amendments to the Commission's original proposal were adopted on that occasion 
The Commission agreed to incorporate all the amendments as they do not alter the intent of 
the original proposal. The changes are summarised below. 
Article 1 (EP Amendment 1) 
This amendment is partly of editorial nature. Additionally, it specifies the period in 
which the projects are to be carried out (1993-1997) as well as the nature of the 
projects (infrastructure work, preventative work and restoration of basic living 
conditions for the inhabitants). 
Article la (EP Amendment 2) 
The addition indicates that the authorities in Portugal should put forward projects "in 
close co-operation with the regional and local authorities and the social partners" 
Article lb (EP Amendment 3) 
The content of this article is new. It calls for a report to be established not later than 
31 December 1998 by the Commission in co-operation with the Bank on the 
implementation and results of the initiative. 
Amended proposal for a 
COUNCIL DECISION 
relating to exceptional Community aid for the reconstruction of the 
areas stricken by the cyclone that hit Madeira in October 1993 
Following the opinion of the European Parliament given on 7 April 1995, the following 
modification is introduced in article 1 of the Commission's original proposal (COM(94) 488): 
Original proposal 
Article 1 
The ultimate recipients of the loans, 
granted by the European Investment 
Bank out of its own resources, for 
investment projects carried out in the 
areas devastated by the cyclone of 
October 1993 in Madeira, shall be 
entitled to an interest subsidy chargeable 
to the general budget of the European 
Communities, up to the equivalent of a 
capital value of ECU 15.85 million in all. 
On the basis of projects put forward by 
the authorities in Portugal, and approved 
by the Bank, the Commission shall grant 
this subsidy at a rate of three percentage 
points per annum for up to 12 years. Modified proposal 
Article 1 
1. The Community shall grant an interest 
subsidy chargeable to the general 
budget of the European Union, at a 
rate of three percentage points per 
annum for up to 12 years, on the loans 
granted by the European Investment 
Bank out of its own resources with a 
view to the financing of investment 
projects carried out in the areas 
devastated by the cyclone of October 
1993 in Madeira. 
2. These loans, whose total amount may 
not exceed the equivalent of a capital 
value of ECU 15.85 million, shall be 
granted for the financing of projects 
carried out between 1993 and 1997 
for the reconstruction of the affected 
areas, including infrastructure work, 
preventative work and restoration of 
basic living conditions for the 
inhabitants-
Article la 
The loans shall be awarded on the basis 
of projects put forward by the authorities 
in Portugal in close co-operation with the 
regional and local authorities and the 
social partners and approved by the 
European Investment Bank. 
Article lb 
The Commission, in close co-operation 
with the European Investment Bank, 
shall report to the European Parliament 
and the Council no later than 31 
December 1998 on the implementation 
and results of the financing concerned. 

ISSN 0254-1475 
COM(95) 329 final 
DOCUMENTS 
EN 13 
Catalogue number : CB-CO-95-360-EN-C 
ISBN 92-77-91460-2 
Office for Official Publications of the European Communities 
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