The Land Bank of the Philippines (Landbank) is supporting the Provincial Government of Pangasinan with a P6-billion loan to fast-track various priority transportation, health, education, tourism development and urban township projects of the Province.
Majority of the P6 billion omnibus term loan agreement worth P2.85 billion will fund big-ticket infrastructure projects designed to enhance mobility and upgrade healthcare services in Pangasinan.
Terminals, land ports, and bus stops will be built along the Pangasinan Link Expressway (PLEX) to complete an intermodal transportation system, designed to promote better mobility to local tourist destinations.
Also in the pipeline arethe construction of seaports,the expansion of the Lingayen Airport, and the construction of a new airport in Bani which will support a salt farm resort likewise to be developed.
The LANDBANK loan will also cover the establishment and upgrading of provincial hospitals in the city of Urdaneta, and the municipalities of Lingayen, Tayug, San Carlos, Binalonan and Umingan.
