SMC secures P100-B loan for MRT-7
San Miguel Corp. (SMC) secured a P100-billion loan from a consortium of Philippine banks to finance the completion of the Metro Rail Transit Line 7 (MRT-7), which aims to link Metro Manila to Bulacan province by 2025.
The project, valued at approximately $1.6 billion (P88 billion), is currently 61.92% complete as of June 14.
SMC President Ramon Ang expressed gratitude towards the lenders and emphasized the importance of the MRT-7 project in enhancing mobility and accessibility for Filipinos.
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