Overseas Construction Credit aims to assist local companies and engineering firms in acquiring foreign subcontracts for civil, construction, and other projects. To improve the competitiveness of these companies, Overseas Construction Credit provides for the duration of overseas construction to Taiwanese contractor, we also provide financial assistance to Taiwanese contractors who purchase construction equipment and machinery from abroad during construction period.
Applicants
- Local companies and engineering firms.
- Joint ventures between local firms and foreign companies provided that share ownership of the local firms shall not be less than 20 percent.
Credit Items
Credit for purchase of construction equipment and machinery from abroad.
Credit during the construction period.
Conditions for Loan
Credit Amount
Credit for purchase of construction equipment and machinery from abroad: In principle, the credit shall not exceed 30 percent of the construction contract amount entered into by and between the contractor and the owner of the project.
Credit during the construction period: For financing required from the start of the construction period, the credit amount in principle shall not exceed 40 percent of the project contract amount entered into by and between the contrator and the owner of the project.
Interest Rate
Interest shall be determined by Eximbank on a case-by-case basis based on cost of capital, operating conditions, local and foreign market rates, and international rates for similar loans.
Currency
In US dollar or NT dollar as determined by Eximbank on a case-by-case basis.
Tenor
Tenor for the credit for purchase of construction equipment and machinery from abroad shall not exceed three years.
Tenor for the credit during the construction period shall not exceed five years.
Security
The borrower shall provide bank guarantee, collateral, or guarantor approved by Eximbank, except for those with Eximbank approvals are not limited.