Date
Timeline Description

Bank funding for the Lunersee Hydroelectric Supplemental Project in Austria was first approved in June 1955.

Detail Description

Bank funding for the Lunersee Hydroelectric Supplemental Project in Austria was initially approved in June 1955. This loan will finance part of the additional cost for expenditure on local labor, materials, and equipment. The greater part of the power produced through this project will be exported to Germany with the remainder available to the Austrian provinces of Vorarlberg and Tyrol.

Image Timeline
Memo from the Department of Operations describing increase in cost estimates for Lunersee project (1516766).
Image Timeline Caption

Memo from the Department of Operations describing increase in cost estimates for Lunersee project (1516766).

Resource
Title
Electric Power Project
Description
P037354: Approved Sept. 30, 1957
The profile contains project and financial information and lists of project documents and archival records.
Image
Electric Power Project
Event
34
Description

April 18, 1957
President Black mentions his discussions with the Austrian Finance Minister related to the Lunersee Hydroelectric project (85I).

Image
Press conference with President Black
Title
Press conference with President Black
Audio File
Event
34
Title
Memo from the Acting Secretary
Image
Memo from the Acting Secretary
Description
Oct. 10, 1957
The memorandum lists arrangements made for the signing of the loan to Austria including time, place, signing officials, and seating order (1516766).
Event
34
Title
Memo from the Department of Operations
Image
Memo from the Department of Operations
Description
Oct. 30, 1956
The memo describes the increases in cost estimates for the Lunersee project and relates how the Bank is considering a supplementary loan to cover these costs (1516766).
Event
34
Image
Loan signing for Austria Power Project
Title
Loan signing for Austria Power Project
Description
1957
Representatives from the World Bank and Austrian sign the loan agreement (1715964; Credit: The World Bank).
Event
34
Title
Lunersee Hydroelectric Project (Supplemental Loan): President's Report
Image
Lunersee Hydroelectric Project (Supplemental Loan): President's Report
Description
Document date: Sept. 20, 1957
The report appraises, summarizes, and recommends the approval of the supplemental loan.
Event
34
Title
Minutes of the 139th Special Meeting of the IBRD Executive Directors
Image
Minutes of the 139th Special Meeting of the IBRD Executive Directors
Description
Document date: Sept. 30, 1957
The minutes of the Board Meeting include the resolution (no. 417) granting the loan.
Event
34
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