Landbank lends P700M to Davao del Sur
MANILA -Land Bank of the Philippines made available to the provincial government of Davao del Sur a P700-million loan to support development projects in health, tourism, infrastructure and digitalization.
Of the total loan amount, P215 million will be allocated for the upgrade of the Davao del Sur Provincial Hospital (DSPH), including the acquisition of various medical, dental and hospital laboratory equipment for enhanced delivery of healthcare services.
The planned expansion and improvements will effectively upgrade the DSPH from a Level 2 to a Level 3 or tertiary hospital, with an increased bed capacity of 200 and a three-story building dedicated as a birthing facility.
Tertiary hospitals provide basic health services and have intensive care facilities for critically ill patients as well as specialist doctors for fields such as gynecology and pediatric services. On top of these, tertiary hospitals engage in teaching, training and research.
Also, P40 million of the loan amount will fund the establishment of a bio-medical waste management system, which will be designed to comply with the strictest environmental and bacteriological reduction standards.
Further, about P220 million will also finance the completion of the Gov. Douglas Cagas Sports Complex and Business Center in Digos City.
This project includes the construction of a rubberized track and field oval, basketball, volleyball, and badminton courts, and improvement of the existing grandstand, among others.
In addition, P125 million will be allocated to purchase heavy equipment and vehicles, to be used in the maintenance and rehabilitation of roads, bridges and other infrastructure across the province. INQ