Roll-on-roll-off (RoRo) vessel operator Archipelago Philippine Ferries Corp. (APFC) has signed a P1.726-billion loan from Landbank of the Philippines (Landbank) to finance its ship modernization and expansion program.
“We are fortunate that Landbank is aligned with our vision to modernize the shipping industry, to connect the Philippines through ‘moving bridges,’ and to ensure safer, more comfortable, and reliable means of sea transport,” APFC CEO Cristopher Pastrana said during the signing of the loan agreement in Manila over the weekend.
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