To ask the Chancellor of the Exchequer if he will list the projects in the United Kingdom which have received loans from the (i) European Investment Bank and (ii) European Investment Fund, stating (a) the name of the project, (b) the sum loaned in pounds sterling, (c) the terms of re-payment and (d) significant other loans from (1) private and (2) public resources made for such projects. [76772]
The European Investment Bank signed the following loans for projects in the UK in 1998:
| Project | Amount (£) |
| Individual loans | |
| Development of Elgin and Franklin gas and condensate fields in North Sea Texaco North Sea UK Co. | 59.9 |
| Power transmission and distribution grids Scottish Power plc | 150 |
| London Underground electricity systems Seeboard Powerlink | 123 |
| Channel Tunnel Rail Link Railtrack Group plc | 200 |
| Railway rolling stock Porterbrook Leasing Company Ltd. | 110 |
| Road construction and upgrading Birmingham City Council | 81.5 |
| Construction of A5/A55 trunk road UK Highways A55 Ltd. | 56 |
| Passenger facilities at Edinburgh, Heathrow and Gatwick airports | 85 |
| BAA plc | |
| Freight handling centre at Heathrow airport British Airways plc | 20 |
| Extension of mobile telephone network Mercury Personal Communications—One 2 One | 200 |
| Water supply and wastewater infrastructure Thames Water Utilities Ltd. | 125 |
| Water supply and wastewater infrastructure Northumbrian Water Ltd. | 75 |
| Construction and refurbishment of social housing and vocational training premises in urban regeneration areas | 44 |
| The Housing Finance Corporation Ltd. | |
| Establishment of five industrial gas production facilities | 88.3 |
| Air Products and Chemicals Inc. | |
| Production and distribution of industrial gases in Margam, Wales | 19 |
| BOC Ltd. | |
| Development of new vehicle and improvements to paint shops and engineering centre | 50 |
| Rover Group Ltd. | |
| Aircraft design and production | 30 |
| Short Brothers Ltd. | |
| Schools construction | 37 |
| Falkirk Council | |
| Global loans for financing small and medium-sized enterprises | |
| Barclays Bank | 300 |
| Midland Bank | 100 |
| Tokyo-Mitsubishi Bank | 50 |
| Lloyds Bank | 50 |
| ABN AMRO Causeway Mezzanine Partnership LP | 15.7 |
| Midland Bank Enterprise Funds | 7.1 |
| Total | 2,076.5 |
I am unable to provide details of the terms of repayment on EIB loans or information on other contributory sources of finance as this is commercially sensitive.
The European Investment Fund does not provide loans. It provides loan guarantees and equity investments.
In 1997 (latest available information) the EIF signed guarantees to intermediaries supporting small and medium-sized enterprises in the UK as follows:
£ million
| ||
Operation
| Party guaranteed
| Amount
|
| Mezzanine Loan Fund | Syndicate, arranger NatWest | 10 |
| Barclays Bank | Barclays Bank | 34.8 |
In 1997 (latest available information) the EIF signed equity investments in funds supporting small and medium-sized enterprises in the UK as follows:
£ million
| |
Fund
| Amount
|
| Prelude Trust plc | 2 |
| MTI Three B. Ltd. Partnership | 2 |
| Alta Berkeley VCV | 2.1 |
| Kennet Ltd. Partnership | 3 |
I am unable to provide details of the terms of EIF operations or information on other contributory sources of finance as this is commercially sensitive.