DBP approves P50-million line for construction projects
Present during the signing of the loan agreement are (from left) Development Bank of the Philippines (DBP) Assistant Manager Liza de Grano, Teravera Corp. Chief Finance Officer Aldrin Cabrera, Teravera Corp. President and Chief Executive Officer Aaron Carlo Cabrera, and DBP Senior Assistant Vice President Violeta dela Torre. CONTRIBUTED PHOTO
THE state-owned Development Bank of the Philippines (DBP) has approved the grant of a P50-million revolving promissory note line to Teravera Corp. to partially finance its working capital requirements for government-awarded infrastructure projects under the Build, Build, Build program.
Packaged under DBP’s Infrastructure Contractors Support program, the credit line will augment the firm’s capacity to engage in the construction of buildings and roads, among other related businesses, including the completion of its current contracts with various government agencies in the provinces of Batangas and Laguna.
Source: The Manila Times