ADB Okays PHL’s US$600M Loan for PPP Support

The Asian Development Bank (ADB) will extend US$600 million to the Philippine government to support its infrastructure investment efforts under the public-private partnership (PPP) program.

In a statement, the ADB said it has approved total loans of US$600 million on Thursday.

The first US$300 million loan is earmarked to support expanded private participation in infrastructure investment through the promotion of PPP projects.

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Source: Manila Bulletin

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