Prime Infrastructure has successfully secured a Php 5 billion loan from the Land Bank of the Philippines, which will be allocated to finance its upcoming infrastructure developments.
In a report by Manila Bulletin, Prime Infra announced that the loan would partly bolster its key markets, such as renewable energy, sustainable fuels, water supply, and waste management, among others.
Prime Infra president and CEO Guillaume Lucci said the partnership would help the company advance its projects for sustainable and resilient infrastructure, adding that the company’s diverse portfolio strengthens its position as a key player in infrastructure while contributing to national economic growth and sustainability.
Landbank president and CEO Lynette Ortiz offered her support for Prime Infra’s initiatives, saying that sustainability is a priority for the bank and expressed eagerness to further grow the partnership.
Prime Infra is currently focused on several projects, including impounding water at the Upper Wawa Dam, two pumped storage developments approved by the Department of Energy, and the resumption of gas production through Prime Energy.
The firm also inaugurated its first 128-megawatt solar power plants and established the country’s first automated materials recovery facilities in Cebu and Pampanga. Additionally, the company plans to expand its waste management operations.
