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Connecting Rural Urban Intermodal Systems Efficiently (CRUISE)

The DBP CRUISE (Connecting Rural Urban Intermodal Systems Efficiently) Program was created in consonance with DBP’s strategic thrust for connectivity infrastructure in the transportation and logistics sector.

This Program is aligned with DBP’s objective of contributing to the United Nations’ Sustainable Development Goal No. 11 – Sustainable Cities and Communities, the Philippine Development Plan and the National Economic and Development Authority’s National Transport Policy of providing safe, secure, reliable, efficient, integrate, intermodal, environmentally sustainable and people-oriented transport system.

Eligible Objectives

      • To contribute to the attainment of the Sustainable Development Goal No. 11 (SDG 11) – Sustainable Cities and Communities through financing support to the maritime, logistics, air and urban mass transport, logistics sector and road infrastructure; and
      • To provide credit assistance to the maritime sector in support of the Maritime Industry Development Plan (MIDP) and Philippine Development Plan (PDP), air and urban mass transport, logistics sector and road infrastructure.

Eligible Borrowers

      • Sole proprietorship and Partnerships
      • Private corporations
      • Cooperatives

Eligible Loan Purpose

      • Capital expenditures of eligible projects
      • Working capital requirement (accounts receivables and inventory)
      • Refinancing of existing loans is allowed, subject to the following guidelines and conditions:
        • Vessels/ watercrafts/ aircraft/ urban rail or machineries and equipment should be brand-new as financed by the previous lender and should not be more than one (1) year from date of acquisition, as evidenced by official receipts/ invoice. For CAPEX projects, it should not be more than one (1) year from the start of commercial operation, as evidenced by Certification from concerned government agencies.
        • Account is in current status and has no incidence of past due nor request for deferment of payment in the last 12 months for at least one (1) year from previous lender.
        • Restructured loan/s shall not be eligible for refinancing.
        • Existing borrowers are fully compliant with loan covenants and there is no new adverse information on the borrower, major stockholders, sureties and key officials (i.e., Chairman, President, Treasurer).
        • With additional loan on top of refinanced loan

Eligible Projects/Purposes

      • Maritime Transport
        • Construction or acquisition of brand-new and modernized vessels/ ships (bulk carrier, Roll-on/ Roll-off (RORO) tugboat, container ship, fishing vessel, cargo ship, passenger ship, tanker, and reefer ship)
        • Retrofitting of existing vessels/ aircraft to comply with the requirements of MARINA Circulars
        • Construction, upgrading or expansion of shipyard facility
        • Construction, upgrading or expansion of Roll-On/ Roll-Off Transport Terminals (RRTS) and facilities, (i.e., passenger terminals/ buildings, parking areas, and security fence)
        • Construction, upgrading or expansion of seaports and offshore facilities (i.e., pier, ramp including dolphins, and floating docks)
        • Acquisition of related machineries, equipment or transport vehicle units (i.e., cargo handling equipment, gantry cranes and forklifts).
      • Air Transport
        • Acquisition of aircraft and air navigational facilities (i.e., landside and airside facilities, traffic control, navigation, safety and security facilities)
        • Construction, upgrading or rehabilitation of airports
        • Acquisition of related machineries, equipment, or transport vehicle units (i.e., pushback tractor and container loader)
      • Urban Mass Transport
        • Construction, acquisition, upgrading of urban mass transportation system (i.e., urban rail and bus rapid systems)
        • Acquisition of related machineries, equipment, or transport vehicle units, (i.e., rail gantry and lift)
      • Road Infrastructure
        • Construction of high mobility road infrastructure, (i.e., expressway, toll roads and bridges and other related infrastructure)
        • Acquisition of related machineries, equipment or transport vehicle units (i.e., dump truck and compactor truck)
      • Logistics
        • Construction, expansion, upgrading of logistics warehouse, cold storage, or bulk chain facilities
        • Acquisition of related machineries, equipment or transport vehicle units (i.e., reefer vans, trucking, freight, hauling/cargo trucks).

Loan Amount

Maximum loan amount shall be up to 70% of the validated Total Project Cost.

Loan Tenor

      1. For Credit Line – RPNL
        • Up to 180 days Promissory Note (PN)
        • Rollover may be allowed subject to partial clean-up of at least 10% of the outstanding loan and the accumulated tenor of PN shall not exceed 360 days reckoned from initial availment
      2. For Term Loan
      3. Interest Rate
        • Interest rate shall be fixed or variable based on the Bank’s applicable benchmark rates plus applicable spread
        • If ODA-funded, interest rate shall follow the ODA terms and conditions
      4. Fees and Other Charges
        • Front-end fee, extension fee and commitment fee (except when ODA fund or other fund sources are used) shall based on the existing Bank policy and guidelines.

Specific Terms and Conditions

      • The borrower shall be required to open a Deposit Account with any DBP branch nearest to its business address or area of residence. This shall serve as the account for loan-related transactions
      • Borrower shall be required to make DBP as one, if not its major, depository bank.
      • Authority to Debit Arrangement shall be in place throughout the term of the loan for faster processing of loan-related transactions.
      • Cost overrun shall be for the account of the Borrower.
      • Assignment of Deposit with Hold-Out Agreement equivalent to at least 3 months or one-quarter of the amortization throughout the term of the loan shall be required from the Borrower which shall be undertaken from the initial loan release.
      • Placement of applicable insurance cover based on the appraisal value indicated in the latest appraisal report and the policy endorsed in favor of DBP per CP No. 83
      • Insurance Coverage-Regular Loans dated December 10, 2014.
      • For MARINA-covered projects, the Borrower shall secure endorsement from MARINA which serves as clearance to proceed with the processing of loan application.

Pre-approval Requirements

      • For MARINA-covered projects, endorsement from MARINA serves as clearance to proceed with the processing of loan upon completion of other requirements.
      • Feasibility Study/ Project Proposal/ Project Brief
      • Detailed Engineering/ Design/ Master/ Building Plan and Specification or Shipyard Contracts, Contract/Lease Agreements, whichever is applicable
      • Detailed Cost Estimates/ Quotation/ Purchase Orders to be validated by DBP
      • Bill of Materials
      • Permits/ Clearances, if applicable

Pre-release and post-release requirements will depend based
on eligible projects being applied for.

Acceptable Collaterals

      • Real Properties
      • Personal or movable properties
      • Security Agreement for Movable Assets including the equipment to be financed by DBP
      • Security Agreement for Intangible Assets
      • Assignment of Deposits with Hold-out
      • Real Estate Mortgage (REM) on acceptable properties including real properties to be financed by the Bank
      • Guarantees
      • Joint and Several Signature (JSS)

Download brochure

For more program information, please contact:

Program Development and Management I Department
Tel. Nos.: (02) 8818-9511 local 2379; 2353

For loan application, you may contact the lending units near you:

Metro Manila Lending Groups
Corporate Banking Group

Ma. Lourdes B. Gumba
Corporate Banking Group
Tel. Nos.: (02) 8812-6536
E-mail: ;

Lea Vanessa C. Delos Reyes
Corporate Banking I Department
Tel. Nos.: (02) 8893-8940

Raquel C. Atienza
Corporate Banking II Department
Tel. Nos.: (02) 8892-8369

Suzanne S. Aquino
Financial Institutions Department
Tel. Nos.: (02) 8818-9511 loc. 3317

Gerard Boz C. Tungol
Public Sector Department
Tel. Nos.: (02) 8815-0908

Jeanne D. Adamos
SME Retail and Mid-Market Lending Group
Tel. Nos.: (02) 8893-1177

Arturo S. Pedregosa
Middle Market I Department
Tel. Nos.: (02) 8818-9511 loc. 3322

Rowena C. Comprado-Aquino
Middle Market II Department
Tel. Nos.: (02) 8818-9511 loc. 3313

Myra G. Almogino-Calara
SME (NCR) Department
Tel. Nos.: (02) 8812-9932

Provincial Lending Groups

Kindly proceed to this link.