Local view for "http://purl.org/linkedpolitics/eu/plenary/1999-12-15-Speech-3-250"
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"en.19991215.10.3-250"2
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"Mr President, the Gardaland project, approved by the Board of Governors of the European Investment Bank in December 1997, is a subject that has already been raised in Parliament in the Commission’s Oral Question Time. The justification for the project, and its benefits, were gone over in detail then. It evidently has to be stated again that one important precondition for the approval of project funding is that environmental considerations are taken into account in all projects assessed and formulated by the European Investment Bank. This was the case with the Gardaland project as well. Again, with regard to the question of transparency in the Gardaland project, as with other project documents within the territory of the Community, it is most essential to bear in mind that the EIB is actually a bank. Its documents are therefore not public in the same way as, for example, the documents of the bodies in the Council that draft legislation. To preserve confidentiality on all sides, the EIB cannot make public documents and information it holds on borrowers or other agencies that are involved in the formulation and implementation of those projects sponsored by the Bank without their express consent.
We must also remember that, although the ministers appointed to the Board of Governors of the EIB are normally the same as those who attend the Ecofin Council sitting, the Ecofin Council has no authority in itself to lay down rules for the EIB with regard to its lending policy or information on it. The EIB Council adopted rules on public access to documents on 26 March 1997, which were published in the Official Journal of the European Communities C 243 on August 1995 on page 13. The European Investment Bank therefore publicly releases documentation and information within the framework of these rules, although the aim must in general be to maximise exchange of information and the principle of transparency as far as is possible without jeopardising business secrecy. Again, if the Community grants the EIB a security against certain loans out of the Community budget, for example, to grant loans for projects in third countries, the Council has stipulated that the EIB must, in these cases, produce an annual report to both the European Parliament and the Council on the action achieved with the help of the secured loans in question."@en1
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