Davao City Philippines | Philippine News Agency: The Davao Light and Power Company (DLPC) will construct a new four-classroom school building at the campus of Dondoy Elementary School in Cagangohan, Panabo City, this province.
This development came as the Aboitiz-owned DLPC, the Aboitiz Foundation, Inc., the City Government of Panabo, and the Department of Education – Panabo City Division signed last Friday a Memorandum of Agreement (MOA) that will govern the project implementation.
Ross Luga, Davao Light's Corporate Community Relations officer said the project will cost P1.8 million.
Davao Light, through its social development arm, the Aboitiz Foundation, Inc., has approved a donation budget of P1.4 million and the local government of Panabo City is putting up a P400,000 counterpart, Luga said.
Luga said the signing of the MOA came after the Panabo City Council approved the appropriation for the counterpart fund, and at the same time granted, through a resolution, City Mayor Jose L. Silvosa the authority to sign the agreement in behalf of the city.
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