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
- Transportation
- Logistics
- Tourism
- Sector related IT and Communications Connections
- Climate proofing of Transport, Logistics and Tourism Infrastructure
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
Program Managers
Paul D. Lazaro
Head, Lending Program Management Group
818-9511 local 3310/3311
pdlazaro@dbp.ph
Rustico Noli D. Cruz
Head, Program Development and Management I
893-1782 / 818-9511 local 2316
rndcruz@dbp.ph
Raquel C. Anzures
Head, Lending Program Development Unit
893-1782 / 818-9511 local 2316
rcanzures@dbp.ph