asked the Minister for Finance the use being made of each outstanding loan to Ireland from the New Community instrument for borrowing and lending.
Written Answers. - EEC Loans.
575.
The New Community instrument makes long-term loans available for capital investment projects. Since the Instrument's establishment in 1978, loans have been given for seven projects in Ireland. The details of these loans, which amount to £98 million, are as follows:—
|
Project |
Amount of loan |
|
£m |
|
|
Water supply and sewerage schemes in the Dublin area |
16.5 |
|
Improvement works on major roads throughout the country |
13.0 |
|
Development of the telephones |
|
|
system throughout the country |
|
|
(1979-1980) |
12.0 |
|
Aghada Generating Station (Co. Cork) |
16.5 |
|
Peat development at various locations |
10.0 |
|
Littleton briquette factory and associated peat development (Co. Tipperary) |
6.0 |
|
Development of the |
|
|
telecommunications system |
|
|
throughout the country (1980-1981) |
24.0 |
576.
asked the Minister for Finance if loans given by the EEC to member states under its financial facility for states with balance of payments difficulties are liable, under the instrument authorising them, to be accompanied by the imposition of conditions in regard to economic policy.
Article 2 of Council Regulation (EEC) No. 682/81 of 16 March 1981, adjusting the Community loan facility designed to support the balance of payments of member states, provides that the Council of Ministers may attach economic policy conditions to these Community loans "with a view to re-establishing a sustainable balance of payments situation".