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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