The local government of Pasay lauded the signing of a P57 billion loan agreement for the completion of a 265-hectare Harbor City Reclamation Project.
Pasay Harbor City Corporation – the joint venture partner for the project – was led by its chairman Carlos Gonzalez, president Manuel Gonzalez, and counsels Roan Libarios and Santiago Gabionza Jr.
“The project is part of the Pasay Eco City Grand Vision to build a sustainable, eco-friendly and world-class metropolis consistent with its mission to promote the quality of life of its people,” the group said in a statement.
“This investment is a much-needed boost to the economy still reeling from COVID-19 pandemic, creating jobs and economic multipliers, and positioning Pasay as the next leading business, investment and tourism hub.”
The five banking institutions that have partnered for this project include PNB Capital led by President/CEO Gerry Valenciano and PNB Executive Vice President Cenon Audencial Jr.; BDO Unibank led by Executive Vice President Jeannette Javellana and BDO Capital First Vice President Noemi Villanueva; Metrobank led by First Vice President Christopher Hector Reyes and First Vice President Mercedes Uyboco, and FMIC Senior Vice President Ma. Teresa De Vera; Landbank led by Senior Vice Gonzalo Benjamin Bongolan; and DBP led by President/CEO Emmanuel Herbosa.