Exim Bank's GoI supported Line of Credit of USD 109.942 million to the Government of the Democratic Republic of Congo

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....ublic of Congo Export-Import Bank of India (Exim Bank) has entered into an Agreement dated May 28, 2015 with the Government of the Democratic Republic of Congo, for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 109.942 million (USD One hundred nine million and nine hundred forty two thousand) for financing a power transmission and distribution project....

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....ement under the LOC is effective from November 27, 2015. The last date for opening of letters of credit and disbursement will be 48 months from the scheduled completion date of contract in the case of project exports and 72 months from the execution date of the credit agreement in the case of other supply contracts. 3. Shipments under the LOC will have to be declared on EDF/ SDF Forms as per inst....