SAN JOSE CITY, Nueva Ecija – The Land Bank of the Philippines (LANDBANK) has
granted the City Government of San Jose a P272-million loan for the construction of
new public school buildings, towards providing accessible and quality education for
San Joseños.
The San Jose LGU will use the funding to build 18 new public school buildings, 15 of
which are allotted for elementary schools, two for secondary schools, and one for an
integrated school.
The project will be implemented in 15 different barangays, including areas with high
incidence of drop-outs due to the lack of nearby educational facilities and high
education cost incurred by mostly farmer-parents.
“LANDBANK is committed to providing meaningful investments to advance inclusive,
quality education. Our partnership with the City of San Jose will support its
continuing development and transcend generations of residents,” said LANDBANK
President and CEO Cecilia Cayosa Borromeo.
Once completed and operational, the new school buildings will provide 115
additional classrooms to around 4,025 students at an ideal classroom to student
ratio of 1:33. This will help accommodate more students, from 33,357 to 37,382,
who mostly come from families of farmers, regular fixed income earners, and micro
and small entrepreneurs.
The project will also benefit the local economy by generating new employment to 72
additional teachers.
San Jose City Mayor Mario O. Salvador and LANDBANK Nueva Ecija Lending Center
Head, Vice President Eduardo N. Reyes, Jr. led the ceremonial signing of the loan
agreement on 25 April 2023. They were joined by City Treasurer Arnold A. Escuadro,
LANDBANK San Jose Branch Head Imelda G. Eusebio, and Account Officer Ruben A.
Laureta.
Mayor Salvador thanked LANDBANK for its support in providing better educational
facilities to the youth of San Jose.
“We aim to deliver quality convenient education through the construction of various
school buildings, especially in remote areas of our community, which will minimize
school drop-outs and ease the financial burden of parents,” said Mayor Salvador.
LANDBANK has been a partner of the San Jose LGU since 2002 in delivering
responsive and meaningful public services. The Bank has previously supported local
development projects that include the acquisition of heavy equipment and
construction of public market, farm to market roads, school buildings, overflow
bridge, and other essential infrastructure facilities.
