Black & Veatch Awarded Ex-Im Bank Sub-Saharan Africa Exporter of the Year
April 10, 2012
(Ex-Im Bank)
Ex-Im financing is sustaining nearly 300 Black & Veatch jobs
Washington, D.C. – Black & Veatch, a global engineering, consulting and
construction company headquartered in Overland Park, Kansas, will receive the
Sub-Saharan Africa Exporter of the Year award from the Export-Import Bank of the
United States (Ex-Im Bank). The award will be presented at the Bank's 37th
Annual Conference, “Ex-Im –Your Competitive Edge,” on April 12 in Washington,
D.C.
“Black & Veatch is helping South Africa address important infrastructure
needs,” said Fred P. Hochberg, the chairman and president of the Ex-Im Bank.
“Ex-Im Bank authorized $1.4 billion in financing to support U.S. exports to
Sub-Sahara Africa in FY’11, and we will continue to encourage American
businesses to export to this important region.”
FY’2011 was the first time Ex-Im Bank financing to Sub-Saharan African exceed
the $1 billion mark, and the Bank supported 8 percent of all U.S. exports to
this region.
"With the support of Ex-Im Bank, Black & Veatch has created nearly 300 jobs
for U.S. professionals," said Len C. Rodman, chairman, president, and CEO of
Black & Veatch. "Many of our clients are in need of project financing, and
partnering with the Bank is a great way to add to the value we bring to critical
human infrastructure projects."
In 2011, Ex-Im approved an $805.6 million direct loan to South Africa's
state-owned electric power utility, Eskom, Limited. The financing supported
Eskom's purchase of engineering and construction management services from Black
& Veatch which will be used to construct the Kusile power plant located in
the Emalahleni area of the Mpumulanga Province. Hundreds of experienced and
qualified U.S. engineers and professionals in Ann Arbor, Mich., Raleigh, N.C.
and Kansas City will be employed by Black & Veatch each year during a five
year period.
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