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DBP approves P50-million line for construction projects

State-owned Development Bank of the Philippines (DBP) has approved the grant of a P50-million revolving promissory note line to Teravera Corporation to partially finance its working capital requirements for government-awarded infrastructure projects under the Build Build Build program. Packaged under DBP’s Infrastructure Contractors Support (ICONS) program, the credit line will augment the firm’s capacity to engage in the construction of buildings and roads, among other related businesses, including the completion of its current contracts with various government agencies in the provinces of Batangas and Laguna.

Shown in photo during the signing of loan agreement are (from left) DBP Assistant Manager Liza A. De Grano; Teravera Corporation Chief Finance Officer Aldrin D. Cabrera; Teravera Corporation President and Chief Executive Officer/ Engineer Aaron Carlo D. Cabrera; and DBP Senior Assistant Vice President Violeta A. Dela Torre.