Land Bank extends loans to Mountain Province, Pangasinan LGUs
The Land Bank of the Philippines recently approved a total of P349.2 million in loans for the Provincial Governments of Mountain Province and Pangasinan.
The P166.7-million loan for the provincial government of Mountain Province will finance the construction of a new four-storey capitol building, a gymnasium and various farm-to-market roads.
Meanwhile, the P182.5 million term loan to the provincial government of Pangasinan will help fund the rehabilitation of government centers and the construction of provincial and district hospitals.
“We, at Land Bank, recognize the key role of local government units as our partners in countryside development and as the best link between communities and the National Government. This is why we continue to further expand our credit assistance to this sector,” said Land Bank president and CEO Gilda E. Pico.