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.
Source: Manila Bulletin