, Japan's JBIC and the US EXIM Bank or the commercial banks will continue to finance the project.
guaranteed a USD28m finance facility, made available by Citigroup, to enable KaR-Tel to purchase equipment, under this phase of the network expansion.
The goal of the ECGD
is to "help exporters of UK goods and services to win business and UK firms to invest overseas by providing guarantees, insurance and reinsurance against loss.
is currently being reviewed, but the CBI warned that the ``uncertainty'' was already affecting investment decisions.
(Britain's equivalent to the Ex-Im Bank) has backed two plants in China, and Canada's ECD is backing the sale of Candu nuclear reactors to Korea, Romania, and China -- despite the fact that seven Candu models were shut down in Ontario for safety reasons.
Mr Caborn said: "This demonstrates how vital ECGD
support is needed to give our exporters confidence to tender for contracts in markets outside the OECD which might be unfamiliar to them.
The government knew that there was a gap between announced policy and actual practice over the use of ECGD
cover, with Scott dismissing the failure to disclose ECGD
exposure on grounds of commercial confidentiality as a failure to inform the public about, and ensure ministerial accountability for, the use to which public funds were put.
And while you will not find any of the Eastern countries among the top four claims countries of ECGD
(the UK's national credit insurer), you will find the Western part of Germany, Italy, and the Irish Republic.
Provision of consultants, as and when required by ECGD
, to perform environmental, social and human rights due diligence against International Standards on projects for which ECGD
support has been requested.
Now bosses are talking to several developing countries to offer similar packages, under the ECGD
- the Export Credit Guarantee Department.