The Development Bank of the Philippines (DBP) is making available a P15.3 billion (¥30.380 billion) facility that will finance improvements in the logistics about infrastructure systems in the country.

DBP President and Chief Executive Officer Reynaldo G. David said the Logistics Infrastructure Development Project (LIDP) is a continuation of DBP’s Sustainable Logistics Development Program (SLDP) but on a more expanded scope.

“The LIDP particularly provides long-term funding for critical infrastructure projects such as roll-on, roll-off (roro) vessels and related facilities such as ports and ramps; toll roads, farm-to-market roads and related maintenance equipment,’’ he said during an investor’s briefing held recently at the Marco Polo Hotel in Davao City.

Other projects eligible under this facility are packaging, transport, and distribution facilities, projects under bulk grains highway which facilitates efficient transport of products from Mindanao to Luzon, and projects under cold chain highway which re-engineers the logistics system for perishables.