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State-owned Development Bank of the Philippines approved a P367.72-million loan to an Iloilo-based transport cooperative for the acquisition of 148 brand new modern public utility jeepneys as part of efforts to promote efficient, safer and greener public transportation system in the province, a top executive said.

Iloilo cityCarolyn olfindoMetro iloilo transport servicePublic utility vehicle modernization programProgram assistance to support alternative drivingDevelopment authorityDevelopment bankOffice of the transport cooperativesState owned development bankMichael de jesusMetro iloilo transport service cooperativeProgram assistanceSupport alternative driving approachesCooperative development authority