ANNOUNCEMENT 15 May 2017
In 2017 Export Development Bank Canada announced financing for Canadian suppliers.
NUMBER OF INTERVENTIONS
On 15 May 2017, Export Development Bank Canada (EDC) announced financing for SNC-Lavalin Group Inc. The stated purpose of the transaction is support for Canadian direct investment abroad to SNC-Lavalin Group Inc. and its operations within Canada.
EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$250-500 million. Taking the lowest possible amount, in this case, Can.$250 million (approx. U.S.$183.75 million), is our conservative estimate of the financing received.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.