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European Investment Fund

Volume 264: debated on Monday 23 October 1995

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To ask the Chancellor of the Exchequer if he will give details of the number of projects that have been financed through the European investment fund, the value of the loan facilities provided in each case and the date the loan was provided. [38717]

I refer the hon. Lady to the reply I gave to the hon. Member for Newham South, (Mr. Spearing), on 16 October 1995, Official Report, column 10. The dates of the loans set out in the reply to the hon. Member are as follows:

NameDate signed
Panafon, SA123 September 1994 and 121 November 1994
Groupe Banque Populaire19 December 1994
Telecom Italia30 November 1994
SNAM Transmediterraneo14 December 1994
Aeroporto di Malpensa12 December 1994
Transgas9 December 1994

Note:

1 The Fund's guarantee in favour of Panafon covering an amount below ECU 30 million was signed in September 1994. In November 1994, the Fund's supervisory board approved a further intervention in favour of Panafon bringing the total for that project up to ECU 54.74 million.

Source:

European Investment Fund Annual Report 1994.