Djibouti cement project receives loan

Djibouti cement project receives loan
Published: 14 February 2011

Export-Import Bank of India (Exim Bank) has extended a Line of Credit (LoC) of US$14m as additional amount to the government of Djibouti for completing a cement plant project in Djibouti. It has earlier extended two LoCs of US$10m each to finance a cement plant project in Djibouti. Exim Bank will reimburse 100 per cent of contract value to the Indian exporter, upfront upon the shipment of goods/provision of services.