COMMISSION OF THE EUROPEAN COMMUNITIES 
Brussels, 21.05.1996 
COM(96) 215 final 
REPORT FROM THE COMMISSION TO THE COUNCIL 
AND THE EUROPEAN PARLIAMENT 
on the rate of utilization of European Investment Bank loans for projects in: 
A. central and eastern European countries: Poland, Hungary, the Czech Republic, the 
Slovak Republic, Romania, Bulgaria, Estonia, Latvia, Lithuania and Albania (from 
1.7.1995 to 31.12.1995) 
B. South Africa (from 15.6.1995 to 31.12.1995) 
and 
C. Latin American and Asian countries with which the Community has concluded 
cooperation agreements (from 23.8.1995 to 22.2.1996) 

A. KKI'ORT FROM THE COMMISSION 
TO THK COUNCIL AND TO PARLIAMENT 
on the rate of utilization of European Investment Bank loans for projects 
in central and eastern European countries (Poland, Hungary, 
the Czech Republic, the Slovak Republic, Romania, Bulgaria, Latvia, Estonia, Lithuania 
and Albania) 
(from 1.7.1995 to 31.12.1995) 
1. Introduction 
Council Decision 93/696/EC of 13 December 1993 (OJNoL321 of 23.12.1993) 
grants in full the Community guarantee to the European Investment Bank (EIB) 
against losses under loans for projects in central and eastern Europe for a 
maximum loan ceiling of ECU 3 000 million over an indicative three-year period. 
The loan guarantee ceiling includes the provisions adopted in respect of 
investments in Estonia, Latvia and Lithuania in Council Decision 93/166/EC of 
15 March 1993. 
The Council Decision requires the Commission to draw up a six-monthly report on 
the situation regarding loans signed under the guarantee. The present report 
covers the period from 1 July to 31 December 1995. 
2. EIB lending 
2.1 During the second half of 1995 the Bank signed 13 loans financed out of own 
resources for a total of ECU 843 million in central and eastern Europe. The list of 
operations signed during the second half of 1995 and the description of the projects 
are given in the table below. 
2.2 At 31 December 1995 the loan contracts signed by the Bank under the current 
mandate amounted to ECU 1 894 million. 
CENTRAL AND EASTERN EUROPE 
Operations signed in the period 1 July-31 December 1995 on the basis of the Council Decision of 13 December 1993 (93/696/EC) 
COUNTRY 
ALBANIA 
BULGARIA 
CZECH Rep. 
HUNGARY 
LITHUANIA 
POLAND 
SLOVAKIA 
ROMANIA 
1 TOTAL 
! 
u_.._„ PROJECT NAME 
EAST-WEST ROAD CORRIDOR 
TRANSIT ROADS II 
CZECH E ROADS 
C'EZ I (POWER PLANT IMPROVEMENTS) 
- Tranche A 
- Tranche B 
TELECOMMUNICATIONS II - Tranche B 
FINANCIAL SECTOR Global Loan 
PORT OF KLAIPEDA 
FINANCIAL SECTOR Global Loan 
POLISH RAILWAYS III (PKP III) 
STATE BANK APEX Global Loan II 
CONSTANTA PORT REHABILITATION 
HEAT AND POWER REHABILITATION DATE OF 
SIGNATURE 
08.12.1995 
20.07.1995 
13.12.1995 
14.12.1995 
14.12.1995 
22.11.1995 
22.11.1995 
03.07.1995 
07.12.1995 
18.12.1995 
18.07.1995 
18.12.1995 
31.10.1995 AMOUNT 
SIGNED 
(ECUm) 
24 
60 
60 
100 
100 
50 
150 
14 
100 
40 
50 
35 
60 
843 DESCRIPTION 
Rehabilitation and improvement of some 94 km of roads 
along the main East-West road corridor 
Rehabilitation and reconstruction of some 900 km of main 
transit roads 
Improvements to the road network 
Installation of desulphurization equipment at six thermal 
power stations 
Expansion and modernization of the telecommunications 
network 
Financing of industry, infrastructure and tourism projects 
through selected financial intermediaries 
Construction of a small container terminal and improvements 
to the roll-on/roll-off terminal 
Financing of industry, infrastructure and tourism projects 
through selected financial intermediaries or direct operations 
Rehabilitation and upgrading of the first section of the 
Warsaw-Terespol TEN railway line 
Financing of term credit operations in industry, tourism and 
related services, and environmental protection and energy-
saving 
Repair of stonn and accident damage to and completion of 
breakwaters 
Rehabilitation and modernization of heat and power 
production and electricity transmission and distribution 
facilities 
B. REPORT FROM THK COMMISSION 
TO THK COUNCIL AND TO PARLIAMENT 
on the rate of utilization of European Investment Bank 
loans for projects in South Africa 
(from 15.6.1995 to 31.12.1995) 
1. Introduction 
Council Decision 95/207/EC of 1 June 1995 (OJ No L 13 1 of 15.6.1995) grants in 
full the Community guarantee to the European Investment Bank (EIB) against 
losses under loans for investment projects in South Africa for a maximum loan 
ceiling of ECU 300 million over an indicative two-year period. 
The Council Decision requires the Commission to draw up a six-monthly report on 
the situation regarding loans signed under the guarantee. The present report 
covers the period from 15 June to 31 December 1995. 
2. EIB lending 
At 31 December 1995 the EIB signed loans financed out of own resources for a 
total of ECU 45 million in South Africa. 
The list of operations signed during the second half of 1995 and the description of 
the projects are given in the table below. 
SOUTH AFRICA 
Operations signed in the period 15 June-31 December 1995 on the basis of the Council Decision of 1 June 1995 (95/207/EC) 
PROJECT NAME 
Development Bank of Southern Africa 
Infrastructure Global Loan 
Industrial Development Corporation 
Global Loan 
TOTAL DATE OF 
SIGNATURE 
28.12.1995 
21.12.1995 AMOUNT 
SIGNED 
(ECUm) 
30 
15 
45 DESCRIPTION 
Global loan to provide funds for financing of small 
and medium-scale projects primarily in the water and 
sanitation sectors 
Global loan to provide funds for financing of small 
and medium-scale projects in the manufacturing, 
transport, agro-industry, tourism and mining sectors 
( . RKPORT FROM THK COMMISSION 
TO THK COUNCIL AND TO PARLIAMENT 
on the rate of utilization of European Investment Bank loans for projects of mutual 
interest in countries of Latin America and Asia that have concluded cooperation 
agreements with the Community 
(from 23.8.1995 to 22.2.1996) 
L Introduction 
Council Decision 93/115/EEC of 15 February 1993 (OJ No L 45 of 23.2.1993) 
grants in full the Community guarantee to the European Investment Bank (EIB) 
against losses under loans for projects of mutual interest in certain third countries 
with which the Community has concluded cooperation agreements The Decision 
sets a limit of ECU 250 million per year, for a three-year period The list of 
eligible countries is given in the annex. 
The Council Decision requires the Commission to draw up a six-monthly report on 
the rate of take-up of loans under the guarantee. The present report covers the 
period from 23.8.1995 to 22.2.1996. 
2. EIB lending 
2.1 During the second half of the last year of the mandate, the EIB signed loans 
financed out of own resources for a total of ECU 155 million in Argentina, China 
and Pakistan. During the same period, the EIB Board of Directors approved a loan 
of ECU 38 million for a project in Colombia. The list of operations approved 
and/or signed during the period and the description of the projects are given in the 
table below. 
2.2 In all, under the mandate which expired on 22 February 1996, the EIB signed loan 
contracts for a total of ECU 607 million. Loan contracts for the remaining ECU 
143 million will be signed shortly. They concern the following projects 
Country Project name/sector Total (ECU m) 
Argentina "Mercosur road" (transport) 45 
Brazil "CESAN -Spirito Santo" (water treatment) 40 
Colombia "Eldorado Airport" (transport) 38 
Indonesia^ "CLIPAN" (leasing company) 8 
Pakistan^ "SAI HYDRO" (energy) 12 
(*) Allocated under the "ALA -Global authorization" of ECU 20m (see previous report, 
COM(95)507 of 30.10.1995). 
LATIN AMERICA AND ASIA 
Operations signed or approved by the EIB Board of Directors between 23 August 1995 and 22 February 1996 (93/115/EEC) 
COUNTRY 
ARGENTINA 
CHINA 
COLOMBIA 
PAKISTAN 
TOTAL PROJECT NAME 
AGUAS ARGENTINAS 
AELINCO 
PING HU OIL AND GAS 
DEVELOPMENT 
ELDORADO AIRPORT 
GHAZI-BAROTHA HYDRO 
POWER Date of 
approval 
7.11.1995 
25.7.1995 
12.12.1995 
12.12.1995 
12.12.1995 Date of 
signature 
1.12.1995 
14.12.1995 
18.12.95 
Not yet 
signed 
14 12.1995 Amount 
(ECU m) 
70 
55 
38 
24 
193 DESCRIPTION 
New waste-water collection and treatment 
facilities in the northern part of Greater Buenos 
Aires 
Construction of facilities for the treatment and 
disposal of hazardous waste in the Province of 
Buenos Aires 
Development of Ping Hu oil and gas field. 
transmission and distribution of gas 
Build, operate and transfer concession for the 
second runway at Eldorado Airport 
Design, engineering work and construction of 
hydroelectric power station on the river Indus 
ANNEX 
List of developing countries in Latin America and Asia 
with which the Community had concluded cooperation agreements 
at the time the EIB was given the mandate 
L LATIN AMERICA 
Argentina 
Brazil 
Chile 
Mexico 
Paraguay 
Uruguay 
Andean Group (Bolivia, Colombia, Ecuador, Pern, Venezuela) 
Central American countries (Costa Rica, Guatemala, Honduras, Nicaragua, 
Panama, Salvador) 
2. ASIA 
Bangladesh 
China 
India 
Macao 
Mongolia 
Pakistan 
Sri Lanka 
ASEAN Group (Brunei, Indonesia, Malaysia, Philippines, Singapore, Thailand) 
ISSN 0254-1475 
COM(96) 215 final 
DOCUMENTS 
EN 11 
Catalogue number : CB-CO-96-226-EN-C 
ISBN 92-78-04154-8 
Office for Official Publications of the European Communities 
L-298S Luxembourg 
1