• Europe-based banks interested in PPP funding


    Europe-based lender The Consortium of Banks in Liechtenstein is interested in looking into public-private partnership (PPP) projects of the country “which needed funding.”

    The Consortium Asian Representative Lucio Uy told The Manila Times before the start of the 8th Philippine Capital Markets Forum that they are “very interested” in PPP projects, especially airports construction and rehabilitation like the Cebu-Mactan International Airport Terminal project.

    “We are looking forward to meet Ms. Cosette Canilao [of the PPP center]to know the PPP projects that needed funding,” Uy said.

    The consortium is an international lender which mainly lends money to banks and big companies in Europe, and charges a minimum 1-percent interest rate to maximum of 6 percent, which is lower compared to the usual 8-percent to 9-percent interest rate.

    In the Philippines, Uy said that they lend to conglomerates which require a minimum of P1 billion.

    According to the consortium, they provide services and specialization in financial instruments, credit programs and “financing for clients worldwide for $30 million and up.”


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