Development Bank of the Philippines announced their Php 1 Billion “Cleaner Public Transport Financing program”. This program extends credit to credible financial institutions at 8% interest/year which in turn they can use to finance lending programs to transport groups seeking to comply with the Clean Air Act of the Philippines RA 8749. Up to 90% of the total project cost can be covered by the loan.
Financial Institutions which can apply for access to these funds for re-lending are:
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