National Irrigation Administration (Funding of Irrigation System)

The National Development Company (NDC) issued NDC Agri-Agra Bonds on July 19, 2006 in the amount of P2B and on November 26,2009 in the amount of P3.5B to fund the repair and rehabilitation and restoration of NIA's existing national and communal irrigation system in support of the Department of Agriculture's rice sufficiency program. The bond proceeds were released as loan to NIA.
Income Statement is not available Balance Sheet is not available Cash Flow is not available
For the NIA loan repayment to NDC with DBM appropriations, received last February 2018 P1.5B from the Bureau of Treasury representing the 4th tranche of the 5-year installment payment program. This was applied to the loan balance of the NIA from NDC.