Financing and Investments
The investments undertaken by the concessionaire are financed through retained earnings, the municipality and the State Bank of Ecuador. The government funds are deposited into a trust fund that the concessionnaire can only access under certain conditions. For the 2011-2016 period investments of US$ 380 million are expected to be financed by the concessionnaire (US$ 107.5 million), the municipality and the State Bank of Ecuador (US$ 150 million) as well as the national government and the proceedings of a tax called Special Improvement Contributions (Contribucion Especial de Mejoriamiento, CEM).
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“In youth, love and art. In age, investments and antiques.”
—Mason Cooley (b. 1927)