Land Bank of the Philippines (Landbank) has approved a P5-billion loan to Prime Infrastructure Capital, Inc.(Prime Infra)to bolster its sustainability projects, marking the first partnership between the two institutions.
The P5 billion loan facility will be utilized to partially finance working capital requirements of Prime Infra’s pipeline projects across its core sectors – water, sustainable energy, and waste management and sustainable fuels.
This financing aligns with Landbank’s commitment to advancing sustainability initiatives and promoting sound environmental management.
Landbank President and CEO Lynette V. Ortiz and Prime Infra President and CEO Guillaume Lucci formalized the loan agreement on September 4, 2024 at the Three E-Com Center in Pasay City.
“We are excited to embark on this new partnership with a recognized leader in building critical and socially relevant infrastructure. Our common goal of enhancing lives and fostering resilient economies makes this loan facility a truly mutually beneficial endeavor,” said Ortiz.
