Spain’s banking giants prepared to bail out wastewater infrastructure

Spain’s two biggest banks are keen to get on with the task of funding domestic wastewater infrastructure. Administrative bottlenecks remain.

 Despite the global economic crisis and the severe shortage of liquidity affecting Spanish banks, the two largest – Santander and BBVA – see financing infrastructure projects in Spain’s water sector as both viable and alluring.

 
“These projects generate a stable and predictable cash flow” and are “undoubtedly” attractive, senior management sources at Banco Santander told GWI. According to Luis Miguel Palancar ...

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