The Land Bank of the Philippines Inc. (LandBank) has approved a P272-million loan for the City Government of San Jose, Nueva Ecija to construct new public school buildings.
The project, which aims to build 18 new school buildings in 15 different barangays, will provide additional classrooms to accommodate more students and generate employment for 72 teachers.
The loan agreement was signed on April 25 by San Jose City Mayor Mario O. Salvador, LandBank Nueva Ecija Lending Center Head VP Eduardo N. Reyes Jr., and other officials.
LandBank has been a partner of San Jose LGU since 2002 in supporting various development projects.
