Andres Ayau, CFO - Santander Group
"We thought it would be a good thing effort to invite Social Security Board to participate. Why? Because Social Security have returns for it invertors we can do and 3% currently and this loan offers a return of 7% which is more than twice what you are currently getting and exceeds inflation cost which are not being covered by the current returns you are getting. There was a really strict due diligence done on this project. We had international consulting companies come and do technical financial and environmental and social reports for the loan and all consultants recommended this investments to the banks and to the entities that were reviewing this. It's a world class consultants that come all the way from the Unites States and from England that review this project and determined it as a safe investment. So we would like to make clear that a lot of money from outside has come in and that its customary in these type of transactions to bring in local lenders to provide sort of local validation to the project in this type of transactions."