AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 9 December 2013, the UK Export Finance agency announced it would guarantee a 300 million USD contract by Reliance Industries Unlimited for investments at the Jamnagar Refinery in the Indian state of Gujarat.
The project envisages the expansion of the current refinery and the construction of a residential township nearby. UKEF will guarantee those parts of the contract covered by UK firms, inter alia Bechtel and Foster Wheeler.
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