Export-Import Bank of the U.S. Approves Transportation and Energy Sector Transactions
Washington – The Export-Import Bank of the United States (EXIM) Board of Directors announced the approval today of several transactions in the transportation and energy sectors. The first transaction approved today was a modification of a previously approved $594 million loan guarantee to Kazakhstan Temir Zholy, “KTZ,” the national railway of Kazakhstan, to support the export of Wabtec locomotive and shunter kits. This transaction was estimated to support 1,500 U.S. jobs.
“The transactions approved today will not only bolster our domestic supply chains but ensure that U.S. companies up and down the supply chain can continue to support good-paying jobs,” said EXIM President and Chair Reta Jo Lewis. “EXIM remains committed to meeting our mandate in supporting U.S. exporters and the jobs they create across the country.”
The Board of Directors also approved a $90 million guarantee under EXIM’s Supply Chain Finance Guarantee Program to ING Capital to finance U.S. exporter Freeport LNG Marketing. The transaction is estimated to support 400 U.S. jobs Primarily in Quintana, Texas and thousands of jobs throughout the U.S. supplier network.
Earlier this month, the Board of Directors approved a transaction of more than $456 million for Ethiopian Airlines for the purchase of five Boeing aircraft. The transaction will support an estimated 2,200 new American jobs in Washington, North Carolina and Ohio, and throughout the U.S. aerospace supply chain.
The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Learn more at www.exim.gov.