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Home News Philippines bridge project funding secured

Philippines bridge project funding secured

Funding has been secured for a key bridge project in the Philippines.

by Mike Woof
November 12, 2021
in News
Reading Time: 1 min read
A A
Funding is in place to help pay for a major bridge project in the Philippines – image courtesy of © Wael Alreweie | Dreamstime.com

Funding is in place to help pay for a major bridge project in the Philippines – image courtesy of © Wael Alreweie | Dreamstime.com

Funding has been secured for a major bridge project planned for the Philippines. The South Korean Government will supply a portion of the funding required for the project to construct the planned Panay-Guimaras-Negros Bridge.
Once complete,the bridge will stretch more than 32km, making it the longest in the Philippines. The bridge design calls for two stretches, section A and section B. The former will measure 13km. The latter will measure 19.5km and include a sea crossing of 13.1km.
The funding package for design and construction works has been arranged with South Korea’s Economic Development Cooperation Fund and the KEXIM Bank.
Categories: Finance & Funding

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