DBP wins international award for NAIA modernization

The Development Bank of the Philippines (DBP) has been honored with the "Best Syndicated Loan Deal of the Year 2024" award by Alpha Southeast Asia for its role in financing the P52-billion Ninoy Aquino International Airport (NAIA) Public-Private Partnership (PPP) Project, DBP President and CEO Michael O. de Jesus announced.

DBP participated in a syndicated senior project finance term loan facility for the NAIA rehabilitation project, which is led by San Miguel's New NAIA Infra Corp. De Jesus highlighted that DBP's involvement reflects its commitment to enhancing the country's transportation infrastructure as part of President Ferdinand Marcos Jr.'s development plan.

The DBP, the country's tenth-largest bank by assets, contributed P2.53 billion to the facility, which will fund capital expenditures for the NAIA modernization, along with related transaction costs and fees.

Alpha Southeast Asia’s 18th Annual Best Deal and Solution Awards assess the performance and growth of top financial institutions in Southeast Asia. The publication recognized DBP’s efforts in addressing infrastructure financing gaps and supporting the country’s economic growth.