CCLEX project gets P19 billion funding

The Cebu-Cordova Link Expressway (CCLEX) project was able to secure a P19 billion loan from six local banks, ensuring funding for its construction. Project developer Cebu Cordova Link Expressway Corporation (CCLEC) signed on February 7, 2019 a 15-year omnibus loan and security agreement with the Rizal Commercial Banking Corporation, Development Bank of the Philippines, Robinsons Bank Corporation, Union Bank of the Philippines, Bank of the Philippine Islands, and Security Bank Corporation.