Exim Bank's GoI supported Line of Credit of USD 26.24 million to the Government of Republic of Nicaragua

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..... ort Bank of India (Exim Bank) has entered into an Agreement dated March 25, 2015 with the Government of Republic of Nicaragua, for making available to the latter, a Government of India supported Line of Credit (LOC) of USD 26.24 million (USD Twenty Six million and Two Hundred and Forty Thousand) for financing building of Carlos Fonseca substation, 95 km transmission lines and expansion of three su .....

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..... the LOC is effective from August 10, 2015 and the date of execution of agreement is March 25, 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 March 24, 2021 (72 months from the execution date of the credit agreement) in the case of other supply contracts. 3. Shipments under t .....

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..... rld Trade Centre Complex, Cuffe Parade, Mumbai 400 005 or log on to www.eximbankindia.in. 6. The Directions contained in this circular have been issued under section 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (A. K. Pandey) Chief General Manager

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