ANNOUNCEMENT 31 Dec 2008In December 2008, the German Export Crediting Agency announced its support of an export project concerning the delivery and assembly of a recycling plant for used tyres and five granulation presses to the United Arab Emirates.
NUMBER OF INTERVENTIONS
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 (22 million USD), as the conservative estimate of the project value.
The maturity of the loan will be within one year. The financing institution is not identified in this case.