Cebu BRT loan cuts no cause for alarm, eyes PPP - Archival

CEBU CITY, Philippines — Mayor Nestor Archival downplayed concerns over the possible cancellation of more than $84 million in loans for the Cebu Bus Rapid Transit (BRT) project. He said the government was already pivoting to a public-private partnership (PPP) model to complete the long-delayed transport system. This comes as the national government seeks to cancel $84.9 million in unutilized World Bank loans, more than half of the project’s total financing, raising fresh questions about the future of Cebu’s flagship mass transport initiative. The proposed cancellation highlights a broader issue hounding the BRT: years of delays, low fund utilization, and […]... Keep on reading: Cebu BRT loan cuts no cause for alarm, eyes PPP - Archival

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