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DBP grants P101-M loan to Roxas, Palawan LGU


The Development Bank of the Philippines (DBP) has granted a P101-million term loan to the local government of Roxas, Palawan to finance the construction of a public market and transport terminal complex in the municipality.

The project is expected to stimulate trade and improve the mobility of goods and people within the area.
The proposed public market shall be a two-storey building with a total estimated floor area of 3,024 square meters.  It would feature 376 stalls, an administrative/ maintenance office, public restrooms, sewage treatment plant, drainage system and open parking area.

The proposed transportation terminal will cater to all public transport vehicles plying the northern and western routes of Palawan.  It will have a transportation building with a footprint of 3,000 square meters consisting of 20 retail stalls, administrative office, passenger waiting area, public restrooms, arcade, public covered walkway, and open parking area and driveways.

Photo shows, during the loan agreement signing (seated, from left): DBP Puerto Princesa branch head Jose Maria Peteza; Roxas, Palawan mayor Maria Angela Sabando; DBP regional marketing center-Southern Tagalog head Abelardo Monarquia; and municipal treasurer Elsa Pedrez. Standing (from left) are: Elmie Calibo of DBP Puerto Princesa branch; budget officer Leonora Valenzuela, councilor Diosdado Agustin, municipal accountant Esther Conde, and councilor Nardo Apgao of Roxas, Palawan; and Jestoni Urbano of DBP.