AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 15 July 2015, the Italian Eximbank SACE announced in a press release that it would guarantee 270 million EUR of 306 million EUR export credit for the construction of a dam in Kenya.
The Itare Dam shall be constructed by the Italian company CMC-Ravenna, which obtains 30% of its revenues from projects in Sub Saharan Africa.
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.
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