More than 10 million in credit lines for tourism in Madeira – publico

 
         

                 

                         
                     

                 

 
 

The minister of Economy, Manuel Caldeira Cabral, announced on Sunday that the lines of credit to support tourism in Madeira following the fires will exceed ten million euros, coming into operation next week.

The official was speaking to reporters during a visit held in the morning to Funchal, 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 euros, a high amount. Among the various instruments we have to see which is the amount needed, but for this you also need this clearance of losses, “he said. According to the Minister, the Government of the Republic wants to “put the credit lines to work not this week yet, but the next,” so being “available funding to companies”, which is “very important for the quick response.”

“There may be more complex and stronger support will 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 lines of credit, which “allow for much extended financing terms” with “a grace period that does not have to pay anything for three years,” and “interest very lower than normal because 75% is covered by Turismo de Portugal “. Payment times rondarão ten years. The minister wants so that the “process does not drag and not lost through work stations 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 by the staff offered to tourists go to their house.”

The minister began the morning to visit Chestnut Boutique Hotel, which was evacuated on Tuesday, then on to the Municipal Fire Brigade and Regiment Garrison Number 3, having spoken to journalists at the Hotel Quinta Jardins do lake, who also had to move its guests – and Colombo, a tortoise of the galapagos with more than 50 years, is the star of the hotel property – once the flames threatened the area.

President of Funchal Chamber, Paulo Cafôfo, said that “all the tourist potential of Funchal remains intact and unchanged.”