Present during the signing of the loan agreement were (from left) AWC Chief Financial Officer Kimberley C. Mira; AWC Director Efrain Pedregosa; AWC Executive Vice President Elizabeth Frances B. Abejo; AWC Chief Executive Officer/ President Gabino M. Abejo, Jr.; DBP President and Chief Executive Officer Emmanuel G. Herbosa; and DBP Senior Vice President Sisinio S. Narisma. (Contributed photo)
CALOOCAN CITY, Feb. 18 (PIA) State-owned Development Bank of the Philippines (DBP) has granted a P1.097-billion term loan to a major water concessionaire to finance its various water system projects in key growth areas.
DBP President and Chief Executive Officer Emmanuel G. Herbosa said the bank’s credit assistance to Abejo Waters Corporation (AWC) would be used to develop water supply and distribution systems in underserved areas in the provinces of Cebu and Quezon, both provinces located south of Manila.