The Export Import Bank of the US (EXIM) has announced the funding of the construction of bridges and associated infrastructure at 186 sites, distributed throughout eighteen provinces in Angola. While the total amount of the obligation is not disclosed, the announcement indicated the value is in excess of $100 million.
In June, Exim approved a direct loan for more than $900 million to the Ministry of Energy and Water of the Republic of Angola to support the construction of two photovoltaic solar energy power plants.
Acrow Corporation of America will manufacture the bridge components in its Milton, PA plant. According to CEO Bill Killeen exports now make up at least 75% of the company’s approximately $80 million annual revenue.
The borrower is Ministry of Finance of the Republic of Angola.
Description of Items Being Exported: 186 modular steel panel bridges and ancillary bridging equipment, as well as technical training and advisory services.
| FR Document: 2023-18249 Citation: 88 FR 57953 |
PDF Pages 57953-57954 (2 pages) Permalink |
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