Export-Import Bank of the United States Board of Directors Unanimously Approves Financing for Three Transactions in Energy and Transportation Sectors
WASHINGTON – The Board of Directors of the Export-Import Bank of the United States (EXIM) today approved three transactions in the energy and transportation sectors. The first transaction approved today is a direct loan for more than $57 million to EnergoNuclear S.A. to support pre-construction engineering and feasibility studies for the potential development of two nuclear reactors at the Cernavodă nuclear power plant complex in Romania. The transaction, issued under EXIM’s Engineering Multiplier Program, will support an estimated 200 new jobs in Texas and Illinois.
“I am excited that the EXIM Board approved this transaction to further our deepening collaboration with Romania to advance nuclear energy projects on the heels of my recent visit to the Summit of the Three Seas Initiative,” said EXIM President and Chair Reta Jo Lewis. “Nuclear energy technology has the potential to promote economic growth, enhance global security, and safeguard our environment. We are eager to continue supporting U.S. exporters in this critical sector.”
The EXIM Board of Directors also approved a $594 million loan guarantee to Kazakhstan Temir Zholy, “KTZ,” the national railway of Kazakhstan, to support the export of Wabtec locomotive and locomotive shunter kits to KTZ subsidiaries KTZ Freight and KTZ Passenger. The transaction will support an estimated 1,500 U.S. jobs at Wabtec in the Western Pennsylvania region, and indirectly supports the rail-related supply chain.
The final transaction approved by the Board today is a $240 million guarantee of a loan to the Ministry of Electricity of the Republic of Iraq to finance the export of GE Energy products to support the repair and upgrade of operating gas turbines in ten locations in Iraq. The transaction is estimated to support approximately 500 U.S. jobs across California, Connecticut, Illinois, Ohio, Oregon, Massachusetts, and Nevada.
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. Since 1992, EXIM has generated about $9 billion for the U.S. Treasury for repayment of overall U.S. debt. Learn more at www.exim.gov.