STATE-OWNED Development Bank of the Philippines (DBP) has granted an initial P1.106-billion funding support to a Capiz-based real estate developer for the expansion and improvement of its master-planned development venture in Western Visayas.
DBP President and CEO Michael de Jesus said the credit assistance of the bank to Pueblo de Panay Inc. (PDPI) will finance the construction and improvement of various projects within the 670-hectare mixed-used township development in Roxas City, which is touted to be the first and largest of its kind in the region.
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