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Leading lender

Last year the Japan International Co-operation Agency (JICA) funded 260 development studies worth a total of £175M. Nearly 55% of schemes involved at least one nonJapanese consultant. Few Japanese consulting firms deliver all requirements of a development study.

JICA development studies are grouped under three broad headings: Mining, energy and industry, social development and agriculture, forestry and fisheries.

In 1999, Japanese untied loans accounted for 19.4% of all global untied lending. Japan Bank for International Co-operation (JBIC) export loans totalled £900M.

Overseas investment loans were valued at £3.25bn. Untied loans amounted to £3.9bn. JBIC consulting opportunities include detailed design and project implementation. It lets an average of 100 consulting contracts a year, worth between £175M and £300M.

Significant JBIC funding agreed in the last six months includes:

Protocol for buyers credits to Iran for construction of a steel pellet plant in Ardakan (£33.7M), an aromatics plant at Bandar Assaluyeh (£166M), and a PTA plant at Bandar Imam Khomeini (£111M). A loan of £33M was given for construction of the Masjid-e Soleiman hydroelectric power scheme.

Loans totalling £100M to the People's Republic of China for construction of Beijing urban railway and expansion of terminals at Xi-an Xianyang Internation Airport.

Thailand received a loan totalling £565M for improvements for regional roads and Bangkok water supply, plus development of Bangkok International airport.

Buyers credits worth £235M went to Malaysia for electrification of 175km of railway.

Mexico received £113M for a geothermal power plant.

Morocco has a £69M loan for doubling of 57km of railway between Meknes and Fes, and construction of water supply facilities at Agadir.

To Tunisia went a loan worth £78M for consulting services and equipment for electrification of 23km of railway between Tunis and Borj Cedria, and traffic management in Tunis.

Other loans went to the Swaziland for £26M northern main road construction and £98M to Kazakhstan for rehabilitation of the 950km western highway.

Buyers credits have gone to the Brazil worth £930M for replacing 50 hospitals and purchase of medical equipment, and £78M to South American island state Netherlands Antilles for a 90MW power station.

A 1,200MW capacity combinedcycle power plant in the Philippines proceeds with a buyers credit worth £140M.

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