IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 31 Aug 2017 | Removal date: open ended
Still in force

Trade finance

The loan approved by the Italian governmental agency CPD group has a total value of USD 300 million. Additionally, the Italian Eximbank SACE will guarantee the loan issued by CDP as well as loans issued by private financial institutions. The approval of the loan and guarantee was announced on 31 August 2017 in a press release.

The loan and guarantee support Salini Impregilo's contracts for the completion of the first phase of a mall in Dubai, UAE.

In this context, SACE stated in a press release: "With this transaction, the CDP Group is involved in its first real estate project in the United Arab Emirates, confirming its support to the international growth of major Italian groups which are active in large projects worldwide."

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

541 General construction services of buildings
542 General construction services of civil engineering works

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