DBP to offer P1.5-B loan facility for PUV upgrades

THE Development Bank of the Philippines will provide a P1.5billion financing facility to jumpstart the Public Utility Vehicle Modernization Program ( PUVMP), the Department of Transportation (DOTr) said on Sunday.

A memorandum of understand Chairman Alberto Romulo on Monday, September 11

Energy Secretary Alfonso Cusi test drives an electric jeepney during a media launch held last July.

said.