ANNOUNCEMENT 29 Jun 2012

In June 2012, the German Export Crediting Agency announced its support of an export project concerning the construction of two shafts, including shaft installations for a calibration plant in Russia.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

AGA-Portal archive:
https://www.agaportal.de/main-navigation/exporte-exportkreditgarantien/praxis-exportkreditgarantien/projektarchiv-exportkreditgarantien

Inception date: 29 Jun 2012 | Removal date: open ended

Trade finance

The export loan was announced in June 2012 and finances the construction of two shafts, including shaft installations for a calibration plant ('Erstellung von 2 Schächten einschl. Schachteinbauten für ein Kalibergwerk') in Russia. The benefitting German exporter is Deilmann-Haniel Shaft Sinking GmbH.

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 (255 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

 
887

AFFECTED PRODUCTS

 
N/A