Dubai, United Arab Emirates: Union Export Credit, the credit protection company of the UAE federal government, and the British Export Finance Corporation have announced their joint support for a major project in the Republic of Senegal to strengthen infrastructure and national emergency response.
Union Export Credit, the federal government of the United Arab Emirates credit protection agency, and the British Export Finance Corporation have announced their joint support for a significant project in the Republic of Senegal to improve the country's infrastructure and emergency response capabilities.
Under this national project, named REDCO Senegal Project, emergency services of firefighting vehicles, airport fire and rescue vehicles, ambulances, medical vehicles, rescue boats, water trailers, cranes with cargo trucks and other safety equipment will be supplied and built in Senegal.
The project, funded by Standard Chartered Bank, is valued at 540 million dirhams, with partial direct lending by the British Export Finance Corporation. The re-insurance of the project will be supported by the ECI and the British Export Finance Corporation together under a reinsurance agreement signed between the two agencies, where the value of the ECI contribution is 334 million dirhams.
Union Export Credit, the federal government of the United Arab Emirates credit protection agency, and the British Export Finance Corporation have announced their joint support for a significant project in the Republic of Senegal to improve the country's infrastructure and emergency response capabilities.
Under this national project, named REDCO Senegal Project, emergency services of firefighting vehicles, airport fire and rescue vehicles, ambulances, medical vehicles, rescue boats, water trailers, cranes with cargo trucks and other safety equipment will be supplied and built in Senegal.
The project, funded by Standard Chartered Bank, is valued at 540 million dirhams, with partial direct lending by the British Export Finance Corporation. The re-insurance of the project will be supported by the ECI and the British Export Finance Corporation together under a reinsurance agreement signed between the two agencies, where the value of the ECI contribution is 334 million dirhams.
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