The Board of Directors of the Export-Import Bank of the United States (EXIM) on Thursday approved a final commitment loan guarantee for more than $363 million to support the export of Acrow Corporation’s goods and services to Angola.
EXIM financing for this transaction will support the export of prefabricated modular steel bridges and related equipment for the construction of bridge infrastructure throughout the country.
The transaction is expected to support 600 American jobs across 18 states.
“Today’s vote continues to advance the fulfillment of EXIM’s Congressional mandate to expand our outreach in sub-Saharan Africa,” said EXIM President and Chair Reta Jo Lewis.
“I am pleased that EXIM is able to leverage its financing capabilities to further support President Biden’s Partnership for Global Infrastructure initiative while increasing the competitiveness of an American small business.”