Cleveland Bridge wins contract in Sri Lanka with UKEF support
UK Export Finance provides £49 million worth of support to help Darlington firm build 250 bridges, bringing rural communities closer together
| About the transaction: Cleveland Bridge | |
|---|---|
| Sector | Infrastructure: rural transport |
| Project location | Sri Lanka |
| UKEF support | Buyer credit |
Cleveland Bridge has designed and built a number of iconic landmarks including the Sydney Harbour Bridge and Tyne Bridge. The company designs its modular bridges in the UK and they are easily assembled to meet the specific needs of each project.
This project has been designed to accelerate Sri Lanka’s development through improvements in its rural transport infrastructure. Families and businesses will benefit directly; the bridges will reduce the distance people need to travel to reach essential services such as healthcare and education, and bring rural communities closer together by cutting transport costs.
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.
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