DBP recently approved a P100 million omnibus line to engineering and construction firm Goldridge Construction & Development Corporation (GCDC) for the financing of its various infrastructure projects.
The loan will support GCDC’s various initiatives such as the installation of marine navigation aids and improvement and construction of several existing and new breakwater and port projects.
The project is supported under the Infrastructure Contractors Support (ICONS) Program that aims to support the credit requirements of contractors in pursuit of the infrastructure development thrust of the Bank.
GCDC is an engineering and construction company with an “AAA” license specializing in the areas of heavy civil and marine works, design-build and general construction.
Established in 1997, the company envisions itself to deliver the highest standard of structural work and services to its clients and address the government’s call for the extensive participation of the private sector in nation building.