MANILA, Philippines — Another World Bank loan amounting to $250 million has been added to the near-term pipeline for the Philippines to improve transport networks in war-torn Mindanao.
The proposed Mindanao transport connectivity project will cover the bulk of the $380-million project cost.
The World Bank has yet to disclose the approval date.
The newest forthcoming loan increased to 13 the total number of upcoming financing that the World Bank will extend to the Philippines.
These 13 loans in the pipeline amounted to a combined $3.18 billion.
On June 24 (Thursday night, Manila time), the World Bank’s Washington-based boa…
Keep on reading: Another $250M WB loan in the works for Mindanao transport system