{"id":70410,"date":"2020-01-21T09:46:43","date_gmt":"2020-01-21T09:46:43","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=70410"},"modified":"2020-01-21T09:46:43","modified_gmt":"2020-01-21T09:46:43","slug":"uk-exports-boost","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/uk-exports-boost\/70410\/","title":{"rendered":"\u00a3620m financial support announced for UK infrastructure exports to Africa"},"content":{"rendered":"<h2>The international trade secretary, Liz Truss, announced that <a href=\"https:\/\/www.gov.uk\/government\/organisations\/uk-export-finance\" target=\"_blank\" rel=\"noopener noreferrer\">UK Export Finance<\/a> (UKEF) has provided financing worth \u00a3620m to support UK infrastructure exports to Ghana, Zambia, Gabon and Uganda<\/h2>\n<p>Support provided by UKEF has unlocked overseas contracts for UK exporters to provide goods and services for 6 national <a href=\"https:\/\/www.pbctoday.co.uk\/news\/modular-construction-news\/sri-lanka-modular-bridges\/52216\/\" target=\"_blank\" rel=\"noopener noreferrer\">infrastructure projects<\/a> across Africa, bringing significant social and economic benefits to the continent.<\/p>\n<p>International Trade Secretary, Liz Truss said: \u201cAfrica is home to 8 of the 15 fastest growing economies in the world and its economic prosperity matters to the UK.<\/p>\n<p>\u201cWe want the UK to be the partner of choice in Africa so I am delighted that, with UKEF\u2019s support, British expertise will form a key component of these infrastructure projects that will directly improve millions of lives.<\/p>\n<p>\u201cWe are committed to strengthening our trading relationships in the region, to help deliver jobs and long-term, sustainable <a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/urban-housing-economic-growth\/54136\/\" target=\"_blank\" rel=\"noopener noreferrer\">economic growth<\/a> that will benefit African and British businesses alike.\u201d<\/p>\n<h3>The \u00a3620m of financing support provided by UKEF will provide:<\/h3>\n<ul>\n<li>750 hospital beds for maternity care in Ghana;<\/li>\n<li>An upgraded terminal at Kumasi airport;<\/li>\n<li>600 hospital beds and 108 rural healthcare centres powered by solar energy in Zambia;<\/li>\n<li>An industrial business park set to create 200,000 jobs in Uganda;<\/li>\n<li>Upgrades to over 80 km of road surfaces in Gabon; and<\/li>\n<li>Supply of equipment to a Ugandan roads project.<\/li>\n<\/ul>\n<p>The announcements build on a range of infrastructure projects UK Export Finance has enabled in Africa, providing close to \u00a32bn worth of support in the last two years. As such, UKEF has also increased its risk appetite in Egypt, Nigeria, and Rwanda, making extra support available for UK exports to Africa.<\/p>\n<p>UKEF\u2019s country limit for trade with Rwanda has increased fivefold, now worth up to \u00a3500m, while its available support to Nigeria has doubled to \u00a31.25bn and its capacity to support exports to Egypt is now worth \u00a31.25bn.<\/p>\n<h3>Commitment to UK trade with Africa<\/h3>\n<p>Fabio Camara, director\u00a0at Contracta Construction UK, said:\u00a0\u201cThe modernisation of Kumasi Teaching Hospital and airport terminal will bring real benefits and we are pleased to be leading on their delivery. UKEF support continues to be invaluable in our expansion into emerging economies.\u201d<\/p>\n<p>Carl Fergusson, chief executive officer, Colas Limited, said: \u201cUKEF\u2019s flexible finance was key to securing this contract, which will have a marked impact on the lives of people in Gabon and on our future growth.<\/p>\n<p>&#8220;Their support for this project and of other infrastructure projects in the region demonstrates the <a href=\"https:\/\/www.gov.uk\/\" target=\"_blank\" rel=\"noopener noreferrer\">UK government\u2019s<\/a> commitment to growing UK trade with Africa.\u201d<\/p>\n<h3>Transformational for healthcare<\/h3>\n<p>Frederik Hsu, deputy chairman, NMS Infrastructure Limited, said: \u201cThis high social impact project will be transformational on healthcare and the lives of local people, especially in remote areas.<\/p>\n<p>&#8220;UKEF\u2019s flexible finance has made it possible for our company to deliver these benefits while also generating significant exports for the UK as well as creating hundreds of local jobs in Zambia.<\/p>\n<p>\u201cWe would have been unable to commit to the delivery of this project without the professional support of UKEF and the team at DIT. We look forward to starting these projects and seeing the impact they will have on the local economy.&#8221;<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The international trade secretary, Liz Truss, announced that UK Export Finance (UKEF) has provided financing worth \u00a3620m to support UK infrastructure exports to Ghana, Zambia, Gabon and Uganda.<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[676,908,283,276,579,465],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-70410","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-construction","8":"tag-economy","9":"tag-finance","10":"tag-government","11":"tag-infrastructure","12":"tag-sustainable-construction"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>\u00a3620m financial support announced for UK infrastructure exports to Africa<\/title>\n<meta name=\"description\" content=\"Liz Truss announced that UKEF has provided financing worth \u00a3620m to support UK infrastructure exports to Ghana, Zambia, Gabon and Uganda\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/uk-exports-boost\/70410\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u00a3620m financial support announced for UK infrastructure exports to Africa\" \/>\n<meta property=\"og:description\" content=\"The international trade secretary, Liz Truss, announced at the UK-Africa Investment Summit that UK Export Finance (UKEF) has provided financing worth \u00a3620m to support UK infrastructure exports to Ghana, Zambia, Gabon and Uganda.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/uk-exports-boost\/70410\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; 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