of the world’s largest financial institutions behind the Cebu Bus Rapid Transit , were amenable to the loan extension that the DOTr were seeking for the construction of the mass transport system.
“Wala naman kaming nakikitang problema doon . We’re looking at extending the loans from one year to 33 months,” he said. The implementation of the CBRT incurred delays for more than half a decade, for various reasons, including political issues.
Source: Loan News Today (loannewstoday.net)
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