armconsulting

Export Import Bank of the United States 2005 Annual Conference Environmental Exports Panel : 

Export Import Bank of the United States 2005 Annual Conference Environmental Exports Panel ARMENTROUT ROEBUCK MATHENY CONSULTING GROUP PC

ARMENTROUT ROEBUCK MATHENY CONSULTING GROUP, PC: 

ARMENTROUT ROEBUCK MATHENY CONSULTING GROUP, PC International Engineering/ Architectural/ Construction Management firm Located in Athens, Georgia Current projects in Africa, South America and the Caribbean Staff of 26

ARMENTROUT ROEBUCK MATHENY CONSULTING GROUP: 

ARMENTROUT ROEBUCK MATHENY CONSULTING GROUP Develops infrastructure projects for the public and private sector Provides design, financing acquisition & management, construction/project management services Typical projects: water/wastewater treatment, water distribution/wastewater collection, industrial facilities, governmental and commercial facilities, engineering/feasibility studies.

EXIM Bank Financed Projects in Grenada, West Indies: 

EXIM Bank Financed Projects in Grenada, West Indies

Grenada Water Pipeline Project : 

Grenada Water Pipeline Project Water pipeline project for Government of Grenada’s National Water & Sewerage Authority (NAWASA) Project was developed over a 3-year period by Armentrout Roebuck Matheny Consulting Group, P.C. (ARMCG) ARMCG provided all design/financing acquisition/ construction services Project financing obtained through EXIM Bank’s Environmental Exports Program

Water Pipeline Project Information: 

Water Pipeline Project Information Pipeline was designed to convey potable water from mountain water source to city of St. George’s Project water source in Concord

Water Pipeline Project Information : 

Water Pipeline Project Information Pipeline route coincided with western coastal highway. Due to space constraints pipe was laid in roadbed ARMCG installed approximately 26,000 linear feet of US manufactured ductile iron pipeline Pipeline trench& narrow roadway

Slide8: 

Pipeline route on western portion of island Graphic depicting hydraulic model of Grenada pipeline Water Pipeline Project Information

U.S. Manufactured Ductile Iron Pipe (financed by EXIM Bank): 

U.S. Manufactured Ductile Iron Pipe (financed by EXIM Bank)

Benefits of US Export Import Bank Financing to ARMCG: 

Benefits of US Export Import Bank Financing to ARMCG Provides ARMCG with “complete package” approach Accessible funding that can be obtained relatively quickly Environmental projects benefit from increased local content coverage and longer terms

Development of Grenada Waterline Project Financing: 

Development of Grenada Waterline Project Financing Client needed 100% financing for project Initial discussions with EXIM Bank’s Business Development Division Provided detailed information on how to proceed Provided information needed for selection of commercial bank in Atlanta area with experience in EXIM funding

Development of Grenada Waterline Project Financing: 

Development of Grenada Waterline Project Financing Provided support throughout process Identified EXIM insurance program as “best fit” for Grenada project Continued contact during project Discussions with Grenada officials Educate government on export financing Negotiations on cost/scope of work Address concerns of government regarding terms of loan vs. concessionary financing

Export Project Challenges Encountered by ARMCG: 

Export Project Challenges Encountered by ARMCG Balancing financing requirements vs. local content desires and political issues Local political pressure to employ local workers and/or use local materials is at odds with government desire for maximum financing Environmental projects may require significant local content Macro political/economic changes in country

Example Projects: Projects in Venezuela: 

Example Projects: Projects in Venezuela ARMCG providing engineering evaluation and conceptual design services for overall water/wastewater systems on Margarita Island Evaluation services are funded by the United States Trade & Development Agency (USTDA); majority of implementation funding was envisioned to be through EXIM at beginning of project Implementation funding difficulties developed due to Venezuela political/economic situation (EXIM currently closed)

Example Projects: Projects in Venezuela: 

Example Projects: Projects in Venezuela Cargo handling equipment financing for private company – transaction was approved by EXIM Currency controls were initiated by Chavez before loan closing Controls severely impacted borrower’s ability to repay loan in dollars & transaction was terminated

Export Project Challenges Encountered by ARMCG: 

Export Project Challenges Encountered by ARMCG Shipment, customs, local transport Difficulties between customs officials & government Financing Requirements Export funding oriented more toward products and not services; adjustments are required

Example of non-environmental project: Roman Catholic School in Grenada: 

Example of non-environmental project: Roman Catholic School in Grenada Financed through EXIM Bank and private export funding sources Designed & Constructed by ARMCG Non-environmental project required more supplemental financing to achieve 100% funding

Roman Catholic School Project in Grenada: 

Roman Catholic School Project in Grenada School survived Hurricane Ivan’s 130+ mph winds with no structural damage (design wind speed 140 mph) US manufactured precast concrete components were used to maximize US content

Example of “Services-Only” Project: Cement Manufacturing Facility Engineering/Feasibility Study in Nigeria: 

Example of “Services-Only” Project: Cement Manufacturing Facility Engineering/Feasibility Study in Nigeria ARMCG working in association with Renaissance Management Group EXIM financed project through private Nigerian bank – Intercontinental Bank, Plc Study end-user is Benue State government in Nigeria Short term financing for services (First Phase) Intent for implementation (Second Phase) will be to maximize EXIM financing for equipment and other US content as complement to equity investment

Presentation Summary: 

Presentation Summary EXIM Bank financing is appropriate for a wide range of projects/transactions Environmental projects/transactions are given preferential terms and conditions EXIM Bank programs are accessible and beneficial for small businesses and new exporters ARMCG has received substantial benefits from using EXIM Bank’s programs and considers EXIM an essential resource for the company’s international business strategy