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LGUs can now avail of loans with Land Bank, DBP: Yap

BOHOL Governor Arthur “Art” Yap said Local Government Units (LGUs) can now secure loans with Land Bank of the Philippines (LBP) or Development Bank of the Philippines (DBP) for infrastructure projects that will benefit their constituents.

In an interview with Yagyagan program over DYRC radio, Yap said the LGUs can secure loans for water system so the people will not anymore fetch water for several kilometers especially in far flung areas.

He said that the LGUs can always make as collateral the Internal Revenue Allotment (IRA) that the National Government owed to them. The IRA is now increased based on the decision of the Supreme Court.

As Bohol governor, Yap has offered P100,000 to each barangay for water system because water is a right of the people.

However, Yap said that for domestic water use, the P100,000 that Yap will give to each of the 1,009 barangays in Bohol is not enough.

“To give enough water to all people in all barangays, we are talking about tens of millions of pesos. We should give so much attention. If there is a need for LGUs to provide funds, then they should spend money for it because water is a right” Yap said.

He said water is very important in sustaining the economy. Buenavista is studying for a P6-million water project. Jetafe is not interested to receive the P100,000 offered to each barangay.

He added that the spring project in Mabini, Bohol is his priority because the municipality that was left in the top ten poorest towns in Bohol under him as Bohol 3rd District congressman before he became governor.

He said that when he became congressman in 2010, almost half of the poorest towns in Bohol as categorized by the Philippine Statistics Authority (PSA) are poorest. With the help of the 3rd district mayors and barangay captains, they were able to uplift the living condition of the people by providing water system, good roads, and livelihood.

“When my term as congressman reached its limit, only Mabini of the ten towns of the 3rd district was left as poorest,” he said.

“Uplifting the living condition of the people will depend on the kind of leadership and the kind of projects in the barangays,” Yap said.

At present, the PSA has categorized 15 Bohol towns as poorest, and 13 of them belong to the Bohol 2nd District under Rep. Aristotle Aumentado. This is the reason why Yap is eyeing massive development in this area to uplift the living condition of the people there. ELIAS O. BAQUERO