ANNOUNCEMENT 31 Dec 2010

In December 2010, the German Export Crediting Agency announced its support of an export project concerning the delivery of 54 commuter trains to Russia.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 31 Dec 2010 | Removal date: open ended

Trade finance

The export loan was announced in December 2010 and finances the delivery of 54 commuter trains ('Lieferung von 54 Nahverkehrsz?gen') to Russia. The benefitting German exporter is Siemens AG.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 5. This category includes projects with a financing value of over 200 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 201 million EUR (269 million USD), as the conservative estimate of the project value.

The maturity of the loan is not specified. The financing institution is not identified in this case.

AFFECTED SECTORS

 

AFFECTED PRODUCTS