Britain eyes RI project

Britain eyes RI project

HONG KONG (Reuter): Britain's Export Credit Guarantee Department (ECGD) is negotiating project financing deals in Indonesia, India and China, said Nancy Cowie, senior underwriter for China/Hong Kong.

In the last year, more than 25 project applicants for limited recourse finance support were reviewed by the ECGD, with the bulk of them projects in the Asia-Pacific area, Cowie told a banking conference in Hong Kong.

"This is a trend which we are prepared to respond to and support as the countries in this region and others develop the appropriate environment to allow the prospects for private sector financing to become a reality," she said.