Sarangani has sealed with Land Bank of the Philippines (LandBank) a P1-billion loan to fund the acquisition of heavy machinery and hospital equipment for the province.
DAVAO CITY—Sarangani has sealed with Land Bank of the Philippines a P1-billion loan to fund the acquisition of heavy machinery and hospital equipment for the province.
The loan will fund the province’s developmental projects, particularly the P500-million acquisition of several heavy equipment, P200-million for hospital and medical equipment, and P300 million to establish the proposed Provincial Agri-Fisheries Complex. The P200 million for the hospital equipment would scale up the capacity of the Sarangani Provincial Hospital to operate as a medical center, while the P300-million agri-fisheries complex would help in expanding small and medium scale fisherfolk and consumer markets, he explained.
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