The endorsement from Sinosure ensures credit risk coverage that facilitates the Engineering, Procurement, and Construction (EPC) contractors in securing financing for the Integrated Infrastructure, enabling the related construction activities to move forward with greater confidence.
Geo Energy Resources announced that its Integrated Infrastructure, comprising an approximately 92km hauling road and an associated jetty at the South Sumatera and Jambi Province, Indonesia, has secured approval from China Export & Credit Insurance Corporation (Sinosure) to provide full insurance coverage to support the development of the Integrated Infrastructure, valued at US$150 million.
Sinosure is a state-funded and policy-oriented insurance company in China, specialising in export credit insurance. It plays a key role in facilitating Chinese investments and exports by providing insurance coverage for projects that involve Chinese enterprises.
