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DBP inksP10B loan infra deal with Manila LGU Philippine Information Agency 21 May 2021, 18:38 GMT+10 CALOOCAN CITY, May 21 (PIA) State-run Development Bank of the Philippines (DBP) and the City Government of Manila today signed a new P10-billion, 15-year term loan agreement to fund various public infrastructure projects in the area under the city s ambitious Development Plan, a top official said. DBP President and Chief Executive Officer Emmanuel G. Herbosa said the bank s assistance to the city government would be used to bankroll the construction of school buildings in three districts and the establishment of a landmark housing project benefitting informal settlers and urban poor communities in Manila.

San sebastianEmmanuelg herbosaManila science high school in districtDevelopment planCommission on auditRosauro almario elementary school in districtAlbert elementary school in districtDevelopment bankCity governmentChief executive officer emmanuelMayor franciscoRosauro almario elementary schoolAlbert elementary schoolManila science high schoolSan lazaroPedro gil