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Connecting Rural Urban Intermodal Systems Efficiently (CRUISE)

The CRUISE is DBP’s expanded financing program for the transport and logistics sectors that employs long-term funds from various sources including Official Development Assistance funds such as the Logistics Infrastructure Development Project from the Japan International Cooperation Agency. This is in support of government initiatives for the creation of an integrated and multimodal national transport and logistics system as embodied in the Philippine Development Plan 2011-2016.

    Eligible Projects

    Eligible Borrowers

    • Private Corporations/Enterprises
    • Local Government Units (LGUs)
    • Government Owned and Controlled Corporations (GOCCs)
    • Government Agencies (where allowed)
    • Cooperatives/Associations
    • Participating Financial Institutions (PFIs)/Microfinance Institutions (MFIs)

    Interest Rate

    Prevailing market rate (fixed or variable)

    Repayment Terms

    Up to maximum of fifteen (15) years inclusive of up to five (5) years grace period based on project cash flows

    Loan Amount

    • Private corporations/enterprises/cooperatives/ associations – up to 80% of total project cost
    • LGUs/GOCCs/GA – up to 90% of total project cost

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    Program Managers
    Paul D. Lazaro
    Head, Lending Program Management Group
    818-9511 local 3310/3311

    Maria Del Carmen H. Hernandez
    Head, Program Development and Management I
    893-1782 / 818-9511 local 2316

    Raquel C. Anzures
    Head, Lending Program Development Unit
    893-1782 / 818-9511 local 2316