Project: Supply of road construction equipment

An international trading company based in China won a bid to supply road construction equipment to the government agency responsible for road construction and maintenance. The company’s bank requested them to obtain insurance to mitigate against non-payment risks while sourcing and purchasing the equipment. The project supports Kenya’s vibrant infrastructure strategy that will help reduce the cost for companies to move goods within the country.  This commitment by the Kenyan government is supported by a 20% budget increase on infrastructure development with $1 billion to be spent on improving road networks alone in 2011.

Maximum Sum Insured: $363,000