Issuance of Permits. DENR also rationalized procedures to
systematize the process of issuing air pollution permits and
its requirements (i.e., DENR deleted the authority to construct
requirement prior to the installation of air pollution source
equipment) as provided for in DAO 2004-26.
Loan. The Land Bank of the Philippines granted loans
amounting to ¥721.636 million to four companies involved in
transportation, manufacturing, and power generation as part
of the $25 million (¥3,057 million) ADB-Air Pollution Control
Facility loan. The ADB loan facility—aimed at financing
investments in air pollution control devices and technology
to improve air quality—was closed on 29 December 2003
because of low availment