Ex-Im Bank financing for exports to Chile

Ex-Im Bank financing for exports to Chile    The U.S. Export-Import Bank vowed this week to continue providing financial support for U.S. exports that benefit Chile in its post-earthquake rebuilding efforts.
   On Feb. 27, Chile was rocked by an 8.8 magnitude earthquake that left the country's telecommunications and transportation infrastructure severely damaged.
   “Ex-Im Bank is committed to providing financing products that help U.S. companies export equipment to Chile. These exports will help reconstruct Chilean infrastructure” said Ex-Im Bank Chairman and President Fred P. Hochberg in a statement. “From telecommunications to construction equipment, we are assisting Chile as it rebuilds vital public systems.”
   During the past two months, Ex-Im Bank has approved five medium-term insurance policies through PNC Bank for buyers in Chile, all of which focus on infrastructure development:
   ' Motorola Inc. of Plantation, Fla., is using its $1.3 million Ex-Im Bank insurance policy to export new and used telecommunications equipment to Gallyas S.A. in Chile.
   ' A $605,591 Ex-Im Bank policy will support Portland, Ore. exporter Daimler Trucks North America LLC’s export of road building equipment to Empresa Constructora de Obras Viales, Ltda., Chile (Ecovial).
   ' Navistar of Warrenville, Ill., will use its $1.7 million Ex-Im Bank policy to export trucks to Maquinarias y Equipos Santa Marta, S.A., Chile, a large provider of transportation services.
   ' Ex-Im Bank also approved a $1.7 million policy to support the export by John Deere in Moline, Ill. and Mack Trucks of Allentown, Pa., of dump trucks, loaders and motor graders to Constructora Excon S.A., Chile (Excon), a provider of earthmoving and excavating services. Deere and Mack Trucks also are using a $4.3 million policy to support the export of construction equipment, principally loaders and motor graders, to Empresa Constructora Agua Santa S.A.
   “We want to provide more of this type of financial support,” Hochberg said.