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: 07 Dec 2017 | Removal date: open ended
Still in force

Trade finance

The funds approved by the Italian Eximbank SACE have a total value of EUR 125 million (USD 147.38 million). The approval of funds was announced on 7 December 2017 in a press release. 

The funds support 40 Italian companies being subcontracted through the contractor GE Power and Gama Power Systems consortium for the Aluminium Bahrain B.S.C power station construction project in Bahrain.

In this context, SACE further elaborated in a press release: "GE-Gama consortium will provide gas turbines, engineering and design services for the combined-cycle gas-fed power station which will be connected with Alba's Line 6 Expansion Project. SACE's role is to support the subcontracts assigned to 40 Italian companies, mostly SMEs, specialized in machinery and components for the energy sector."

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

431 Engines & turbines & parts
8411 Turbojets, turbopropellers and other gas turbines.
841199 Other
542 General construction services of civil engineering works

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