5
6
i
CC.IDENTIAL
i.
KOREA
KORI I
ECGD supported a £25.3m loan on 12 years terms, in 1970
b
KORI 2
ECGD supported a £72.5m loan on 10 years terms in 1977.
KORI 3 & 4
ECGD supported a US $92m loan on 15 years terms in 1976 (15 years credit conceded to match US competition)
d
KORI 7 & 8
•
ECGD offered to support 15 years credit to match the US offer but in the event the business was lost to the US in October 1979.
e
KORI 9 & 10
ECGD has as yet made no offer of support but it is understood
that the French have indicated a willingness to support 15 years credit.
ROMANIA
CERNAVODA POWER STATION
1
The Canadians, who have been approached in respect of the nuclear island have offered support for an 85% loan repayable over 20 years from date of commissioning. They have also indicated that they would provide the same terms for the electro mechanical supply if approached.
2
Presently ECGD, the French, the Germans, the Swiss, the US and latterly the Italians are all supporting a common line under which any support will be in respect of an 85% loan repayable over 10 years.