Mex­i­can bank seeks Chi­nese part­ners for project fi­nance

Global Times - - Bizoverview -

Mex­i­can bank­ing and fi­nan­cial group In­ter­ac­ciones is look­ing to work with Chi­nese com­pa­nies on fi­nan­cial back­ing for in­fra­struc­ture, en­ergy and trans­port projects in Mex­ico, ac­cord­ing to the group’s gen­eral di­rec­tor Car­los Rojo.

Mex­ico’s eighth-largest bank is mainly in­ter­ested in pro­mot­ing projects jointly with other Chi­nese banks or con­struc­tion com­pa­nies, Rojo told the Xinhua News Agency.

“We have been look­ing for both Chi­nese banks that could be in­ter­ested in fund­ing many of these in­fra­struc­ture projects, as well as for Chi­nese con­struc­tion com­pa­nies that are com­ing here” to work on en­ergy-sec­tor projects, said Rojo.

“We would love to be able to grow at the same rate as China is grow­ing, which is partly due to their in­vest­ment in in­fra­struc­ture,” Rojo added.

Part­ner­ships be­tween Chi­nese and Mex­i­can com­pa­nies are at a very early stage, but In­ter­ac­ciones has made some head­way, he noted.

The bank has se­cured fund­ing for sev­eral in­fra­struc­ture projects from a Chi­nese bank that Rojo de­clined to iden­tify.

In­ter­ac­ciones has also fi­nanced two water treat­ments plants through a part­ner­ship “with one of the world’s largest Chi­nese com­pa­nies,” which he also de­clined to iden­tify, cit­ing le­gal rea­sons.

“There is a great sim­i­lar­ity be­tween the vi­sions of na­tional and in­fra­struc­ture de­vel­op­ment that China has and that we want to have,” said Rojo.

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