State-run Development Bank of the Philippines said Friday it granted a P375-million loan to the Puerto Princesa City Water District to support initiatives aimed at upgrading the delivery of water services and addressing the needs of the rapidly growing population in the city.
PPCWD is a Category A water district established in 1976 that caters to 53,000 active customers. It serves 50 of the 66 barangays in Puerto Princesa City, which had a total population of 307,000 as of latest government data. He said the loan to PPCWD would also partly finance the installation of a transmission line that would serve strategic barangays in anticipation of increased economic activity in view of improvement of critical utilities and essential public services.
“By 2030, we anticipate that this program has financed P30-billion of investments in water supply projects,” he said.