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EX-IM BANK BOARD OF DIRECTORS APPROVES FINANCING FOR ENVIRONMENTAL CLEAN UP AND ROADWAY DEVELOPMENT IN THE DOMINICAN REPUBLIC; ACCESSORIES FOR TWO ELECTRIC PLANTS IN ISRAEL

FOR IMMEDIATE RELEASE January 16, 2003

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DOMINICAN REPUBLIC: The Export-Import Bank of the United States (Ex-Im Bank) board of directors approved a final commitment for a $49.6 million long-term loan guarantee supporting the $43.8 million export by SRK Consulting, Lakewood, CO, of equipment and services to develop and implement an environmental management plan to clean up a gold mine site in the Dominican Republic, making it available for future development. The Ex-Im Bank guarantee also covers financing fees and project-related costs in the buyer's country. The guaranteed lender is JP Morgan Chase, New York, NY. The primary source of repayment is the government of the Dominican Republic.

DOMINICAN REPUBLIC: The Ex-Im Bank board approved a final commitment for a $45.3 million long-term guarantee supporting the $50 million export by Trigeant, Ltd., Boca Raton, FL, of asphalt for roadway development and maintenance in the Dominican Republic. The guaranteed lender is Mellon Financial Corp., Pittsburgh, PA. The primary source of repayment is the government of the Dominican Republic.

ISRAEL: The Ex-Im Bank board approved a final commitment for a $51.5 million long-term guarantee supporting the $48.6 million export by General Electric Co., Inc., Schenectady, NY, and Plainville, CT, of two electric generators and turbine accessories for two separate power plants in Israel. The guarantee also covers financing fees and project-related costs in the buyer's country. The buyer, government-owned Israel Electric Corp. (IEC), Haifa, will use the equipment to increase capacity in the Alon Tabor and Eshkol power plants. The guaranteed lender is BNP-Paribas, New York, NY. The primary source of repayment is IEC.