Posts by tag: land bank

15 years ago

Land Bank borrowings to finance Davao citys stimulus program


Lawyer Wendell Avisado, city administrator, said the 2.8 billion pesos the city borrowed from the LBP this year will finance a local stimulus package, a large chunk of which will be spent on road infrastructure and the citys traffic signal system. Avisado admitted that the traffic system will not directly help the people but it will add on to the citys existing infrastructure and will serve as a come-on to investors. Read on