Queensland-based Wagners has secured contracts to supply, install and operate two ready-mix wet-batch mobile concrete plants, and supply concrete and quarry products for the two-train 6.6 million tonne per annum project.
The company will supply services and equipment to the Chiyoda Corporation and JGC Corporation's joint venture, CJJV, which is building the LNG plant.
Wagners global services general manager John Watts said the two performance bonds issued by EFIC to CJJV on behalf of the company would allow it to deliver the contracts.
"The Australian commercial banks would have required full security to issue the performance bonds to a party in a foreign jurisdiction and we couldn't afford to tie up our cash resources in that way," he said.
"EFIC's bonds have freed up our working capital, enabling us to deliver this large-scale contract in a challenging location."
EFIC is participating in the financing of the PNG LNG project and has previously provided a $US350 million loan as part of an international syndicate of export credit agencies and commercial lenders.