The minister of Economy, Manuel Caldeira Cabral, today announced that the credit lines to support tourism in Madeira following the fires will exceed ten million euros, coming into operation next week.
Manuel Caldeira Cabral was speaking to journalists during a visit made during today’s morning at Funchal, Madeira, to see on the ground the impact of the fires that ravaged the region in recent days, with early figures for the Tourism credit lines Portugal, which claims to be “a very simplified regime”.
“it is still to be done to qualify, but we are talking about more than a dozen million, a large amount but among the various instruments have to see which is the amount needed, but it is also necessary that the clearance of losses, “he said.
According to the Minister of Economy, the Government of the Republic wants to” put the credit lines to work not this week yet, but next week, “well being” available funding to companies “, which is” very important for the quick response. “
” there may be more complex supports and stronger support to be more complicated and take longer because, involving EU funds and other funds have different report needs, “anticipated.
Caldeira Cabral described the characteristics of these credit lines, that “allow for much extended financing terms” with “a grace period in which you do not have to pay anything for three years,” there is “much lower interest than normal because 75% is covered by Turismo de Portugal” and “10-year payment terms.”
the minister wants so that the “process does not drag and not lost through jobs or there are companies that close.”
Caldeira Cabral made sure to “commend the work done by the various hospitality teams,” having given notice that “there were hotels that even the employees offered to the tourists go home them.”
“the people who come here, come to a standard wood, where everything is working well, “he said.
the minister began the morning to visit Chestnut Boutique Hotel, which was evacuated on Tuesday, thence to the Municipal Fire Brigade and Regiment Garrison number 3, having spoken to journalists at the Quinta Jardins do Lago, which also had to move its guests – and Colombo, a tortoise of the galapagos over 50 years is the the hotel unit star -. as the flames threatened the space
President of Funchal Chamber, Paulo Cafôfo, said that “all the tourist potential of Funchal remains intact and unchanged”
“We have had numbers of excellence and what we want is to continue this growth. This year, in 2016, what was expected was we hit records against the excellent year 2015 and for sure this will continue, with the support of the Republic, “he said.
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