Proceeds from the term loan facility will be used to develop and concretize the first phase of the TPLEX project to pave the way for a more cost-efficient, reliable and faster north-south access as well as ease traffic congestion along the McArthur Highway.
DBP president & chief executive officer Francisco F. Del Rosario, Jr. said that the term loan facility expresses the strong commitment, partnership and initiative of the private sector, the public sector, and financial institutions to bring forth the basic services and infrastructure needed for the country¹s development.
For DBP, this initiative strengthens our strategic thrust of supporting infrastructure development necessary for developing self-sufficient and productive communities. With the continuing
support from private and public partners, we are assured that we can always pursue viable developmental projects.
BDO Capital and Investment Corporation is joint lead arranger while BDO Unibank and Land Bank of the Philippines are the other lenders for the said facility.