Project: Term loan facility in support of infrastructure development

The government of Tanzania is investing heavily in improving its road, water and power infrastructure with a budget increase of 85%. The government is expecting dividends from increases in investments, tourism and trade. To overcome the financing hurdle, they implemented a PPP (Public Private Partnership) approach. This project represents the government’s first foray into the commercial financing market to fund large-scale projects. A syndicate comprised of leading African banks and Tanzanian institutions backed the $250 million loan facility. ATI is insuring a portion of this loan which the government will use to finance road reconstruction and other infrastructure projects.

Maximum Sum Insured: $250 million (of which ATI is insuring $50 million)