PHL to get $2.2-B ADB loans for 3 major projects

Quick Summary:

THE Asian Development Bank (ADB) Board is set to approve this year at least $2.2 billion worth of loans to be extended to the Philippines.

This means, the total cost of the project is $650 million.

Meanwhile, the two other projects up for approval this year are the PFM and CCAP Subprogram 2 which will be financed through ADB OCR loans worth $500 million each.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: PhilippinesMyanmar

Topics: Project Loan Year Bank Cost Billion Million Development Public Philippines Approval

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 16:20:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 579 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22969975

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 116 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 11 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #37

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