Bank funding for the Lunersee Hydroelectric Supplemental Project in Austria was first approved in June 1955.
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.
The profile contains project and financial information and lists of project documents and archival records.
April 18, 1957
President Black mentions his discussions with the Austrian Finance Minister related to the Lunersee Hydroelectric project (85I).
The memorandum lists arrangements made for the signing of the loan to Austria including time, place, signing officials, and seating order (1516766).
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).
Representatives from the World Bank and Austrian sign the loan agreement (1715964; Credit: The World Bank).
The report appraises, summarizes, and recommends the approval of the supplemental loan.
The minutes of the Board Meeting include the resolution (no. 417) granting the loan.