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October 03, 2023

DBP extends P1.1-billion funding for Roxas City township project

The Development Bank of the Philippines (DBP) has approved an initial funding support of P1.106 billion for Pueblo de Panay Inc. (PDPI), a real estate developer in Capiz.

The loan will finance the development of a mixed-use township in Roxas City, Western Visayas.

In addition, the loan will be utilized for the construction and enhancement of various projects within the 670-hectare township, including a business process outsourcing facility and a condominium building.

The development is aimed at fostering sustainable growth and positioning Roxas City as a key hub in the region.

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