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Ex-Im Bank Announces Financing for Exports of 144 U.S.-Made Bridges

Tuesday, June 23, 2015
Sandler, Travis & Rosenberg Trade Report

As Congress considers whether to let its charter expire, the Export-Import Bank of the U.S. announced June 22 that it will guarantee a $73 million commercial loan to facilitate the export of 144 steel bridges to Zambia, where they will be used as part of an effort to improve the country’s rural road infrastructure. An Ex-Im press release states that this financing helped a U.S. manufacturer win a contract in a market that has historically been the focus of substantial Chinese investment. The Bank adds that this project is expected to support thousands of jobs across several U.S. states.

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