Mexican bank seeks Chinese partners for diverse projects - Mr Rojo

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Xinhua reported that Mexican banking and financial group Interacciones is looking to partner with Chinese companies to financially back infrastructure, energy and transport projects in Mexico, according to the group's general director Mr Carlos Rojo. Mexico's eighth-largest bank is mainly interested in promoting joint projects with other Chinese banks or construction companies, Rojo told Xinhua.

Mr Rojo said that "We have been looking for both Chinese banks that could be interested in funding many of these infrastructure projects, and Chinese construction companies that are coming to the country to see this whole topic of energy-sector projects. We would love to be able to grow at the same rate as China is growing, which is partly due to investments in infrastructure."

Projects in the transport sector are also in the group's sights, though to a lesser degree.

He said that partnerships between Chinese and Mexican companies are at a very incipient stage and have a way to go, but Interacciones has already made some headway.

He said that the bank has secured funding for several infrastructure projects from a Chinese bank, though he declined to say which.

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 name for legal reasons.

He added that "There is great similarity between the vision of country and infrastructure development that China has and that we want to have. We are just getting started. I am convinced that what we need to do is to find a way to build those bridges, so that once the language restrictions are gone, we can show them what we can do and how we do it."

Source : Xinhua