ANNOUNCEMENT 30 Nov 2015

In November 2015, the German Export Crediting Agency announced its support of an export project concerning the delivery of a tunnel boring machine and multi-services vehicles to Italy.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Nov 2015 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in November 2015 and finances the delivery of a tunnel boring machine and multi-services vehicles ('Lieferung einer Tunnelvortriebsmaschine und Multiservice-Fahrzeugen') to Italy. The benefitting German exporter is Herrenknecht AG, Schwanau.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 2. This category includes projects with a financing value between 16 and 50 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 16 million EUR (17 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 8.5 years. The financing institution is Cr?dit Agricole Corporate and Investment Bank Deutschland, Frankfurt.

AFFECTED SECTORS

 

AFFECTED PRODUCTS