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Dept of Trade and Industry

Answer

Mr. Menzies Campbell: To ask the Secretary of State for Trade and Industry what applications for credit guarantees were received by the ECGD, from which companies, for what amount, and on what date in respect of (a) the Pergau Dam, (b) Singapore Utilities Water Project, (c) the Turkwell Dam, (d) the Ewaso Ngiro Dam, (e) the Ajaokuta Steel Plant, (f) the Katse Dam and (g) the Meula Dam; which applications were approved, for what amount, and on what date; what payment has been made against each project by the ECGD and on what date; what ECGD liability exists against each project; and if he will make a statement. [110393] Dr. Howells: [holding answer 21 February 2000]: ECGD can find no trace of applications for Credit Guarantees for the Singapore Utilities Water Project, the Turkwell Dam, and the Muela Dam. However ECGD was approached for support for the construction of an underground power station associated with the Muela Dam. The answers to the question on the remaining Projects are set out in the following table. The information on the Ajaokuta Steel Plant in Nigeria relates to an application for support for a Technical Training Centre associated with the Steel Plant. _________________________________________________________________________________________________. Amount of and date of application Project Exporter Amount Date Pergau Dam, Malaysia Balfour Beatty Construction 1 buyer credit: £315m December 88 Ltd. and Cementation International Ltd. Revised to £410m March 90 (joint venture) 4 supplier credits: £12.0m 31 January 91 £23.6m 22 February 91 £8.4m 22 February 91 £119.1m 22 February 91 Ewaso Ngiro Dam, Kenya WLPU Consultants (now called 1 buyer credit: {1}£43.8m 9 April 90 Knight Piesold) Ajaokuta Steel Plant, Nigeria Carillion Construction Figures unavailable -- Katse Dam, Lesotho Kier International Ltd. and 1 buyer credit and 2 supplier 10 December 90 Sterling International Civil credits} £267m Engineering Ltd. (joint venture) _________________________________________________________________________________________________. {1} Loan value Note: Some figures unavailable because repayments were lumped together with several other credits _________________________________________________________________________________________________. Payments by ECGD and date Project Amount approved Date approved Payment Date ECGD's liability Pergau Dam, Malaysia £327.9m 13 March 1991 Nil -- £40.3m £10.8m 21 March 1991 Nil -- Nil £23.4m 13 March 1991 Nil -- Nil £7.6m 21 March 1991 Nil -- Nil £119.1m 21 March 1991 Nil -- £11.1m Ewaso Ngiro Dam, Kenya {1}£68.1m 21 June 1990 £377,043 15 March 1992 £10.2m £440,150 15 September 1992 £442,371 15 March 1993 £440,150 15 September 1993 £442,371 15 March 1994 £4,752 15 September 1994 £2,898 15 March 1995 Ajaokuta Steel Plant, £22.4m 1982 £14.2m Date unavailable {2}£13.9m Nigeria Katse Dam, Lesotho £26.5m 4 March 1991 Nil -- Figure unavailable £40.1m Nil -- Nil £6.9m Nil -- Nil _________________________________________________________________________________________________. {1} Loan value + interest {2} Plus interest Note: Some figures unavailable because repayments were lumped together with several other credits

Secondary information

Type

Written question

Reference

344 c956-8W;344 c956-7W; 110393

Session

1999-00

Subjects

Applications Export credit guarantees Payments Pergau dam Dams Katse dam Singapore utilities water project Ajaokuta steel plant Meula dam

Contains statistics

Yes