Category Archives: Press Releases

UKEF Supports Cleveland Bridge Contract To Develop Essential Infrastructure In Sri Lanka

UK Export Finance to provide £49 million worth of support to help Darlington firm build 250 bridges, bringing rural communities closer together

Sri Lanka

Sri Lanka

International Trade Secretary Liam Fox has today announced UK Export Finance (UKEF) will provide £49 million worth of support for Darlington-based firm Cleveland Bridge to construct 250 bridges for rural Sri Lankan communities.

This project has been designed to accelerate Sri Lanka’s development through improvements in its rural transport infrastructure. Families and businesses will benefit directly from the project, reducing the distance people need to travel to reach essential services such as healthcare and education, as well as bringing rural communities closer together by cutting transport costs.

The financing of these 250 bridges follows the provision of support in 2011 for 210 bridges and in 2014 for 618 bridges. The Sri Lankan government estimates that collectively the bridges will benefit more than 100,000 families as well as businesses in the country.

The company has designed and built a number of iconic landmarks including the Sydney Harbour Bridge and Tyne Bridge. Cleveland Bridge designs its modular bridges in the UK and they are easily assembled to meet the specific needs of each project.

International Trade Secretary, Rt Hon. Dr Liam Fox MP, said:

Cleveland Bridge demonstrates the value British design and engineering can bring to the world stage. Over the course of the last 100 years UK Export Finance has led the way in delivering innovative finance to help British companies achieve international success across a wide range of industries and countries.

I am delighted that as UKEF marks its centenary year, it continues not only to support the UK’s exporters but also those transformational projects that will have a direct impact on the lives of citizens across the globe.

Don Underwood, Commercial Consultant, Cleveland Bridge said:

We are delighted UKEF has chosen to support this project, and Cleveland Bridge’s continued growth. UKEF’s flexible support is hugely important for our international success, helping us build confidence with our overseas customers and access financing to deliver dynamic projects.

This announcement follows recent support from UKEF for projects to improve Iraq’s power provision and Bahrain’s water supply.

Background

UK Export Finance is the UK’s export credit agency and a government department, working alongside the Department for International Trade as an integral part of its strategy and operations.

Our mission is to ensure that no viable UK export should fail for want of finance or insurance from the private market. We provide finance and insurance to help exporters win, fulfil and ensure they get paid for export contracts.

Sectors in which UKEF has supported exports include: aerospace, healthcare, infrastructure, telecommunications and transport.

UKEF has a national regional network of 24 export finance managerssupporting export businesses.

Our range of products includes:

  • Bond insurance policy
  • Bond support scheme
  • Buyer & supplier credit financing facility
  • Direct lending facility
  • Export insurance policy
  • Export refinancing facility
  • Export working capital scheme
  • Letter of credit guarantee scheme

Our country cover positions outline our current cover policy and risk appetite for each country.

Foreign Secretary Hunt Visits Malaysia As Part Of First Overseas Trip In 2019

Jeremy Hunt holds talks in Kuala Lumpur and pledges UK support for media freedom in Malaysia

Foreign & Commonwealth Office

Foreign & Commonwealth Office

As part of a three-day visit to Asia, Foreign Secretary Jeremy Hunt will hold bilateral talks with the Malaysian Foreign Minister Saifuddin Abdullah today (3 January) and reiterate the UK’s support for the new government’s reform agenda. Both ministers are due to discuss close cooperation on foreign policy issues including the UK’s relationship with ASEAN and action to support Rohingya refugees.

The Foreign Secretary will also hold meetings with the Malaysian Minister of Communications & Multimedia Gobind Singh Deo and media practitioners to discuss strengthening media freedom and combatting disinformation.

Foreign Secretary Jeremy Hunt said:

The UK is leading international efforts to support and protect media freedoms. At a time when these freedoms are increasingly under threat across the world, I applaud the new Malaysian government for the positive commitments and early steps it has taken. Lifting travel bans on journalists and moving to repeal laws that restrict media freedom demonstrate an intent to support journalists in their vital work and foster a free press.

Later this year I will be hosting an international conference in London on media freedom, which will bring together countries like Malaysia, and mobilise consensus behind the protection of journalists and the environment they operate in.

At the meetings, the Foreign Secretary will offer the UK’s support, through the sharing of experience and expertise to help upskill the Malaysian media and announce that the UK will deliver a programme for Malaysian journalists focusing on investigative journalism.

While in Kuala Lumpur the Foreign Secretary is also expected to call on the Malaysian Prime Minister Tun Dr Mahathir Mohamad and will attend a roundtable with businesses.

Tsunami In West Java And Southern Sumatra, Indonesia

U.S. Department of State

U.S. Department of State

The United States conveys our deepest condolences for the loss of life and destruction from the tsunami that struck West Java and southern Sumatra, Indonesia, on December 22. We continue to monitor the situation closely and are in close communication with Indonesian authorities. Our thoughts and prayers are with all those in Indonesia affected by the natural disaster. We are currently not aware of any U.S. citizens directly affected, but stand ready to assist as needed.

Special Representative Biegun To Meet With Republic Of Korea Special Representative For Korean Peninsula Peace And Security Affairs Lee Do-hoon

U.S. Department of State

U.S. Department of State

U.S. Special Representative for North Korea Stephen Biegun will meet with Republic of Korea Special Representative for Korean Peninsula Peace and Security Affairs Lee Do-hoon in Washington on Tuesday, November 20, to further strengthen our close coordination on efforts to achieve our shared goal of final, fully verified denuclearization. Special Representative Biegun and Special Representative Lee will discuss ongoing diplomatic efforts, sustained implementation of UN sanctions, and inter-Korean cooperation.

U.S.-China Diplomatic And Security Dialogue

U.S. Department of State

U.S. Department of State

The U.S. Department of State and the U.S. Department of Defense today announced that the second U.S.-China Diplomatic and Security Dialogue (D&SD) will be held in Washington on November 9, 2018.

Secretary of State Michael R. Pompeo and Secretary of Defense James N. Mattis will host Chinese Politburo Member and Director of the Office of Foreign Affairs of the Communist Party of China Yang Jiechi and Minister of National Defense General Wei Fenghe for the Dialogue, along with members of the U.S. delegation and Chinese counterparts.

President Donald J. Trump and President Xi Jinping launched this framework for negotiation in Mar-a-Lago in 2017 to expand areas of cooperation while narrowing differences on key diplomatic and security issues.

A Notice to the Press with information on times, press events, and other logistical details will follow.

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