Date
Timeline Description

The loan will fund the completion of the Reisseck and Kreuzeck Hydroelectric Project which began in 1947.

Detail Description

The Reisseck and Kreuzeck Hydroelectric Project consists of the construction of a system of dams, reservoirs, tunnels, and other civil works in the Reisseck and Kreuzeck mountains for the collection, storage, and delivery of water to the main powerhouse located in the Moell River. Construction of the project started in 1947 and, while currently operational as of the signing of the loan, is only about 30% completed.

Image Timeline
Electric transmission line and tower in the Austrian mountains (1715955; Credit: The World Bank); Correspondence from Eugen Margaretha to President Black (1516657).
Image Timeline Caption

Electric transmission line and tower in the Austrian mountains (1715955; Credit: The World Bank); Correspondence from Eugen Margaretha to President Black (1516657).

Resource
Title
Electric Power Project
Description
P037349: Approved June 16, 1954
The profile contains project and financial information and lists of project documents and archival records.
Image
Electric Power Project
Event
22
Title
Correspondence from Eugen Margaretha to President Black
Image
Correspondence from Eugen Margaretha to President Black
Description
Jan. 13, 1954
Dr. Eugen Margaretha, President of the Oesterreichische Nationalbank, expresses his gratitude to President Black for supporting the proposed development of Austria's hydroelectric sector (1516657).
Event
22
Title
Press release -- First loan to Austria
Image
Press release -- First loan to Austria
Description
July 19, 1954
The World Bank's first loan to Austria will help make more power available to industries and enable Austria to increase power exports (1516661).
Event
22
Image
Electric transmission line and tower in the Austrian mountains
Title
Electric transmission line and tower in the Austrian mountains
Description
c. 1954
The new transmission line will permit an exchange of power between Italy and Austria for dams and hydroelectric power that will allow the use of surplus energy on each side of the border (1715955; Credit: The World Bank).
Event
22
Image
Power transmission lines and tower in the Austrian mountains
Title
Power transmission lines and tower in the Austrian mountains
Description
c. 1954
The project consists of the construction of a system of dams, reservoirs, tunnels, and other civil works in the Reisseck and Kreuzeck mountains for the collection, storage, and delivery of water to the main powerhouse located on the Moell River (1715955; Credit: The World Bank).
Event
22
Image
Power transmission lines and tower in the Austrian mountains
Title
Power transmission lines and tower in the Austrian mountains
Description
c. 1954
The Reisseck and Kreuzeck Hydroelectric Project in Austria will produce electric power from water in the wintertime and save fuel (1715955; Credit: The World Bank).
Event
22
Title
Reisseck-Kreuzeck Hydroelectric Project: Appraisal Report
Image
Reisseck-Kreuzeck Hydroelectric Project: Appraisal Report
Description
Document date: July 6, 1954
The report appraises the proposed project, discusses the Austrian power industry, and provides justification for the project.
Event
22
Title
The Economy of Austria
Image
The Economy of Austria
Description
Document date: June 18, 1954
The report discusses the evolution, structure, and present situation of the Austrian economy.
Event
22
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