Advisory National Observances for the Month of November. Read here.

Sustainable Waste Management for Enhanced Environmental Protection (SWEEP)

The DBP Sustainable-Waste Management for Enhanced Environmental Protection (SWEEP) Financing Program aims to support the strict implementation of R.A. 9003 or Ecological Solid Waste Management Act of 2000 and R.A. 6969 or Toxic Substances and Hazardous and Nuclear Waste Act of 1990 to help address the growing problem of solid and hazardous waste management in the country.

Program Objectives

  • To contribute to the development of solid and hazardous waste management facilities and waste-to-energy projects through financing to help protect
    the environment and address climate change
  • To provide credit assistance to public and private institutions engaged in solid and hazardous waste management and waste-to-energy projects

Eligible Borrowers

  • Public Institutions such as, but not limited to:
    • Local Government Units (LGUs)
    • Government Owned and Controlled Corporations (GOCCs)
  • Private Corporations/Enterprises (e.g. sanitary landfill operators, solid waste service providers, hazardous waste transporters, hazardous waste treaters, waste-to-energy developers)

Eligible Lon Purposes

  • Project Preparation Activities for LGUs
  • Capital Expenditures
  • Working Capital Requirement (Permanent of Short Term)
  • Refinancing of eligible exiting operational projects

Eligible Projects 

  • Project Preparation Activities for LGUs
    • Development and updating of 10-year Solid Waste Management Plan
    • Feasibility Study and Detailed Engineering Design
    • Other engineering studies for waste management
    • Development, rehabilitation, expansion and upgrading of solid and hazardous waste management facility, as follows:
      • Material Recovery Facility/Composting Facility/ Recycling Facility
      • Sanitary Landfill Facility
      • Landfill Methane Gas Recovery Facility
      • Waste-to-Energy Facility
      • Hazardous Waste Treatment, Storage and Disposal (TSD) Facility
      • Healthcare Waste Treatment Facility
    • Collection and transportation of solid and hazardous waste
    • Acquisition of equipment or machinery related to solid and hazardous waste management such as, but not limited to:
      • Dump trucks/Garbage trucks
      • Garbage compactor
      • Garbage granulator
      • Payloader
      • Backhoe/Hydraulic excavator
      • Crawler dozer/Bulldozer
      • Motor grader
      • Garbage bins
      • Autoclave
      • Biowaste shredder
      • Rotary composter
      • Plastic molder
      • Waste Conveyor Systems
    • Other solid and hazardous waste managementrelated
      projects

Loanable Amount

  • For public institutions – The maximum loan amount shall be up to 100% of the acceptable total project cost or winning bid price, whichever is lower
  • For private companies – The maximum loan amount shall be up to 70% of validated total project cost

Interest Rate

Based on prevailing rates of DBP, fixed or variable, depending on the source of fund

Other Fees

Based on standard fees and charges of the Bank

Loan Tenor

Loan Facility

  • Term Loan
  • Credit Line/Revolving Promissory Note Line

Collateral Requirement

As general requirements, the acceptable collaterals shall include, but shall not be limited to, the following:

  • For Public Institutions
    • Deed of Continuing Assignment of LGU’s deposit in favor of DBP with hold-out and control agreement
    • Assignment of Budget Allocation for Maintenance and Other Operating Expenses (MOOE) and/or Multi-Year Contract (MYC) to at least one (1) loan amortization
    • Real Estate Mortgage (REM)
    • Security Agreement for movable assets
    • Assignment of Leasehold Rights for properties under long-term lease
    • Assignment on Deposit with hold-out and control agreement
    • Government Securities
    • Republic of the Philippine (ROP) Guarantee
  • For Private Institutions
    • REM on acceptable properties including real properties to be financed by DBP (except for sanitary landfill sites)
    • Share Charge and Control Agreement
    • Security Agreement for movable assets
    • Assignment of Leasehold Rights with conformity of Lessor for properties under long-term lease
    • Assignment on Deposit with hold-out and control agreement equivalent to at least three (3) months or one (1) quarter amortization
    • Security Agreement for intangible assets
    • Joint and Several Signature (JSS)
    • Corporate Surety of the Parent/flagship company for conglomerates/group of companies
    • Guarantees (e.g. Phil Exim, parent company)
    • Other collateral/security acceptable to DBP

Download Brochure

For more program information, please contact:

Program Development and Management I Department
Tel. Nos.: (02) 8818-9511 local 2342
E-mail: pdm1@dbp.ph

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