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January 29, 2007 |
DBP, through its Dagupan Branch, has approved a P65.25-million term loan to support various infrastructure development projects of the municipality of Malasiqui, Pangasinan. These projects will involve the expansion and improvement of the municipality’s public market, solid waste management program, comprehensive drainage system, and inter-departmentalized computerization program.
The projects, which support the municipality’s economic and infrastructure development goals, are expected to generate additional revenues for the local government. These also complement the LGU’s goal of becoming the fifth city in the province of Pangasinan.
The term loan will also support the proposed refinancing of the municipality’s loan from the Municipal Development Fund Office of the Department of Finance that will allow it to save a substantial amount on interest expenses which can be channeled to other development undertakings.
 Signing the term loan agreement for various infrastructure projects in Malasiqui, Pangasinan are (from left): Dagupan branch head SM Teodoro Arzadon; Edgar Montemayor, officer-in-charge of Treasury, Municipality of Malasiqui; Malasiqui Vice Mayor Osmundo Lambino and Mayor Alfonso Soriano; AMO-North Luzon acting head FVP Myra Reinoso; RMC-Dagupan acting head SAVP Renato Bernardo; and RMC-Dagupan legal counsel AVP Isidoro Bautista. Standing are (from left): Councilors Canuto Mendoza, Roberto Sanchez, Mariano Espinoza, Pedro Opguar, Sr., Noel Anthony Geslani, Sofronio Domantay, and Ildefonso Veloria; SK Federation President John Carlo Soriano; and Councilor Edward Bulatao.
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